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Apple Inc. Message Board

  • calls_them_as_i_see_them calls_them_as_i_see_them Jan 29, 2013 12:39 AM Flag

    Analysts Race To Lower Apple Price Targets..

    Back on Sept. 19, when the stock reached the closing high, a consensus of 63 analysts on Bloomberg had a target price of $777.67 for the next 12 months. On the eve of the first-quarter earnings call last week, that target had tumbled to $640.85.

    Since that call, the target price has fallen further, to $621.76. And some are worried that's not low enough.

    In a note to investors on Monday, Will Power, equity analyst at R.W. Baird, downgraded the stock from "outperform" to "neutral." He lowered his target price from $570 to $465.

    "We are increasingly wary of several near-term risks, particularly consensus estimates that we believe remain frustratingly too high," Power wrote. "With estimates likely to fall further and gross margin concerns likely to linger, we believe the shares could drop further, despite the sharp sell-off and valuation."

    LA Times

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    • You could do your own analysis as well as those highly esteemed so called "analysts".

      Sentiment: Strong Buy

      • 3 Replies to post50
      • calls_them_as_i_see_them calls_them_as_i_see_them Jan 29, 2013 8:31 AM Flag

        I think they are all a bunch of idiots what don't have a clue. At 700 they were all raising PT's to 850 to 1000.

      • and here are the Motley Fools to come up every other minute "BUY DON'T BUY SELL DON'T SELL BUT IF YOU WANT TO HOLD SELL IF YOU WANT TO BUY SELL ... MAKE SURE YOU MAKE YOUR DECISION "

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    • In 8 months you will see analyst averaging down to $260.
      Just like the 100 day moving average moves.

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