David Thall on USBC upgrades Apple to Buy from Hold and raises target $106 to $366 - '“Raises target from $106-$366“ … in one shot? Excuse me if I’m being a little snarky, but this begs for it. Despite all the rationale that he may be giving, analyst Nicolas Cote-Colisson is raising his target for one reason and one reason only. If he doesn’t raise it, he looks like an idiot. And by raising his target by such a whopping number all at once, indicates what a truly magnificent idiot he is. I mean, this is an analyst whose judgment has been so lousy for so long, the only reason anyone’s paying attention to him is because he suddenly found Jesus? Seriously, an analyst like this one – to be generous – should seriously consider finding another line of work. Because for useful investing advice, at least regarding Apple, he is totally irrelevant to the conversation. Except maybe as an object lesson to other analysts… about what not to do. Or… let me put it this way: as one of the world’s most insightful observers of human behavior once said: “He may look like an idiot and talk like an idiot, but don’t let that fool you. He really is an idiot.” -GROUCHO MARX'
on USBC upgrades Apple to Buy from Hold and raises target $106 to $366 - 'And to that end Gregg, when the analyst all of a sudden wakes up and has a brain fart that perhaps Apple might be worth more than $260, rather then saying, “well if the stars align you could add on another, say, 30 bucks an be in the vicinity of $400”. They prognosticated a precise $31 to make their wild arse guess look a little more serious… Well if it spruiks the market… I’m all good, but at the same time I’m not fooled by the smoke and mirrors of their WAGs.'
on USBC upgrades Apple to Buy from Hold and raises target $106 to $366 - 'Thanks, Michael? (he said, hesitantly…)'
on USBC upgrades Apple to Buy from Hold and raises target $106 to $366 - 'The most plausible reason for this substantial upgrade can be put into very simplistic terms. I believe that HSBC analyst Nicolas Cote-Colisson was seated at the bar last Saturday at the Pro Bono Cafe in Palo Alto. While everyone else screaming and shouting at the World Cup Match that was on the multiple television screens, there was a lone gentleman that move toward the end of the bar to be closer to where the Apple 3.0 dinner was being held in the special events room. I noticed he kept opening the door wider to hear what was being said, especially while “Jerry” was recording the informative words being spoken by “Sacto Joe” regarding the future of Apple from his perspective. Jerry wanted to play that video for his group of Apple investors when he returned home from Palo Alto. What other reasonable explanation could there be to have a sudden $106 bump up in the stock price? No doubt HSBC analyst Nicolas Cote-Colisson has been a long time lurker on PED’s Apple 3.0 platform and was a ware of this upcoming dinner.'
on USBC upgrades Apple to Buy from Hold and raises target $106 to $366 - 'So, my broker asked me if I wanted to sell some covered calls. Just for S&G, I asked him what the prices were. He said $10 per share with a strike price of $350 on Jan ‘27. I said I was not interested, and also, he just told me what I knew, that the market thinks the shares are going over $360 by January. Mind you, this was BEFORE the shares climbed from $314 to $333.'
on USBC upgrades Apple to Buy from Hold and raises target $106 to $366 - 'And who has the highest price target here on Ped 3.0? 😉'
on USBC upgrades Apple to Buy from Hold and raises target $106 to $366 - '” What is the “blue sky scenario” that raises the target to $397?” The “blue sky scenario” is the financial industry recognizing Apple’s long history of exceeding estimates. $397 looks awfully similar to Ives’ long held estimate of $400.'
on USBC upgrades Apple to Buy from Hold and raises target $106 to $366 - 'From the thestreet.com article: The bank also outlined what it calls a blue-sky scenario, which adds another $31 per share beyond the base target if both the product cycle and AI execution land better than expected.'
on USBC upgrades Apple to Buy from Hold and raises target $106 to $366 - 'We’ve seen this before, analysts following the market up, w.r.t. AAPL PTs. And the market follows the thought leaders here at Apple3.0.'
on USBC upgrades Apple to Buy from Hold and raises target $106 to $366 - 'Anyone sitting at $260 has NOT BEEN PAYING ATTENTION. So that makes their latest number highly suspect. What’s their track record?'
on USBC upgrades Apple to Buy from Hold and raises target $106 to $366 - 'He may be slow, but “By Jove I think he’s got it!” “Blue skies! Nothing but blue skies…”. 🙂'
on Apple at $333.74: Third all-time high in as many days - 'The last two paragraphs perfectly summarizes the story of what’s been going on with and in AI for the last two years!'
on Apple at $333.74: Third all-time high in as many days - 'Now HSBC analyst upgrades AAPL to new $366 price target: https://www.thestreet.com/investing/stocks/hsbc-upgrades-apple-stock-price-target-ahead-of-earnings'
on Apple analysts argue the stock round and flat (video) - '@Richard A few years ago an opinion piece in The Economist compared Apple to IBM saying both had staying power because of their mission statements. Neither is wedded to a particular product or technology. IBM’s mission is to bring technology to business so they could transition from typewriters to computers to quantum computing and other things. Apple’s mission is to bring technology to consumers so they could transition from Macs to iPods to iPhones to whatever comes next. They have said that there is no fear about cannibilizing any product. Better they do it than a competitor.'
on Apple at $333.74: Third all-time high in as many days - 'I’m both surprised and super excited that AAPL held its ground on a Friday after such significant gains. Go Apple, go AAPL!'
on Apple analysts argue the stock round and flat (video) - 'Hey John, I agree. It is always about the guidance. Less so about results these days. But as Apple is very pricey these days, results may matter more than before. I would add a couple of things that could go wrong. First, as Apple continues to succeed, it will invite more regulatory scrutiny. I think this is probably the biggest thing for Apple to continue to navigate. Still a possibility is that Apple could lose its way with the hardware and or software. Like the gnashing of teeth that they had with the Siri problem a couple of years ago. Maybe they don’t do a good job with the foldable or with future iterations of the Apple Vision Pro. I am not saying these things will happen. But they are all potential landmines that a company like Apple will have to try and avoid.'
