On the eve of Apple’s June quarter earnings, all but five of the sell-side analysts are high and dry.
Below: My full list of Apple price targets as accurate and up-to-date* as I can make it. Corrections appreciated.
Click to enlarge. *I rely on TipRanks ($) for the estimates of an analyst who shall remain nameless (long story).
Not so unusual. Quick check shows that on April 26, two days before Q2 earnings, all but two (Barclays and Goldman Sachs) were above the water line.
Why the stark difference, at the same point in time? These guys are pros & theoretically have access to the best historical data, industry news and forecasts. Is there some special sauce they add or take out with no basis in fact? Hunches never worked well when I was a young investor.
You aren’t alone.
The Apple watch is waterproof. Coincidence?