1 year agoFrom a note to clients that landed on my desktop Friday morning:
CORRECTION: We are correcting our 12-month price target to $80 (incorrectly published on January 14 as $85), which remains based on 22.5x our Q5-Q8 EPS forecast of $3.55. There is no change to our view or rating.
Maintains Sell rating. Lowers published target from $85 to $80.
My take: What a shit show.
See also: Goldman Sach raises Apple target $10 to Street-low $85
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“The following individuals are not included, due to a history of statistically non-credible estimates. Rob Hall/Goldman Sachs”
His analysis is very limited (which is why it proves to be wrong chronically) but, I do agree it is worth the awareness of knowing. It’s the same with CNBC. I want to know when there is a negative price influence so I can assess and exploit. Without flawed views such as Hall’s the average price would be higher between earnings events. A lower average price between earnings events, yields greater upside over time on earnings events for Apple and for shareholders who take advantage of it.