Look who raised their price target after Apple’s June quarter earnings

Apple clobbered estimates for the third quarter in a row last week. Shares fell on the news, again, but nearly a dozen targets got bumped up.

Here are the old and new price targets, as complete* and up-to-date as I can make them. Corrections appreciated.

apple targets june quarter

Click to enlarge. *I rely on TipRanks ($) for the estimates of an analyst who shall remain nameless (long story). I have only one source for Cordwell’s $190 target, which appears to be a new Street high.

8 Comments

  1. Jerry Doyle said:
    These revised PT estimates come as no surprise to me. Apple currently is firing on all cylinders. The future for Apple throughout its history never looked brighter for the company than it does now.

    8
    August 7, 2021
  2. Roger Schutte said:
    Waiting for Mr. Ives to see he’s no longer the highest…3.2.1

    3
    August 7, 2021
  3. Gregg Thurman said:
    It would be nice to get a similar chart showing their respective EPS estimates. PED? Much could be learned about the mindset/methodology used by the different personalities with that data point.

    1
    August 7, 2021
    • Bart Yee said:
      Was wondering the same thing, do we have access to any of these these analysts’ estimates? Would be interesting to see if anyone had better than the current pros we do have.

      If you work with any brokerage or financial service, you do have access to internal or available reports on AAPL and you could consider forwarding to PED, I’ve sent a few he didn’t have or found them published or aggregated online. Then PED could decide if he wants to add them to his spreadsheet for publication.

      1
      August 7, 2021
      • Analysts notes always appreciated! Thank you Bart for the ones you supplied for Q3. I’m still looking for Toni Sacconaghi’s post earnings note.

        Gregg, what “change” chart did you want to see? EPS estimates before and after what, exactly?

        2
        August 8, 2021
        • Gregg Thurman said:
          EPS estimates before and after what, exactly?

          Most recent estimates to go with most recent PTs. Simple math and we can see what Sentiment Multiplier they are using, and be able to compare that to their peers.

          0
          August 9, 2021
  4. Jeff Galanti said:
    While these periods of what feels like slow price appreciation relative to earnings can be disappointing, long term investors should take comfort. Apple is certainly buying a lot of shares and we are being offered the opportunity to buy shares at a discount. In the words of Warren Buffet, “In the short term, the market is a voting machine. In the long term, it is a weighing machine.” There are certainly opportunities for minor stumbles in any of the particular lines of business that will garner headlines but I feel safe saying that most of us believe that Apple will be selling more high margin products and services to more people over time. And those people will be thrilled to purchase them. It’s so simple that it is often missed or willfully ignored by these analysts. The future is bright.

    0
    August 7, 2021

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