At the close on April 18 Mitchelson reiterated his buy rating on Netflix and his price target of 147.
On Monday, Mitchelson maintained his buy rating but cut his price target to 141.
There are few companies that come close to Apple's as far as cash on the balance sheet, buybacks and valuation. Also pay a dividend and still considered a growth company (allbeit that growth has been questionable lately). The drop in stock price will make it more affordable to some investors who previously couldn't buy shares. My thoughts are that the stock price will be back over $100 in a very short period of time and make a gradual climb back to 110 - 115. I'm thinking of taking a little bit off the table however when we get back to at least $108.
the market loves growth companies and when one steps out of line like Apple just did it can be extremely painful for investors
If you are up on it. maybe sell half your shares and at least that way, if they blow it, you won't get hurt too badly. I'm talking from experience. Held Apple and Buffalo Wild Wings into earnings and feeling the wrath today!
Tech has been reporting pretty lousy across the board. Its been very disappointing. I just hope the bar isn't set too high for FB.
They need a perfect report. I'm nervous because I think the analysts are expecting too much in this environment.
2 out of 4 FANG stocks have missed. NFLX and GOOG. After today, only AMZN left to report.
Never know which way this will spin ah
Facebook target price raised to $145 from $140 at Susquehanna
Facebook target price raised to $145 from $128 at Wedbush
Facebook target price raised to $130 from $120 at Monness, Crespi, Hardt
Facebook stock price target raised to $165 from $160 at RBC Capital
They are in the same funk at Gilead Sciences (GILD). Both companies have plenty of cash, unbelievable low valuations and pay a dividend. Neither have done #%@% when it comes to making acquisitions. Both are buying back shares and have done nothing in several months. Investors are fed-up with these companies.