Wall Street, caught flat footed by Apple’s latest earnings, issues a slew of new price targets
Having scrambled to catch up to Apple’s (AAPL) rising share price in advance of the company’s quarterly earnings report, analysts fell over themselves the next day issuing price targets to reflect the buying orgy that took the stock over $202 a share in after-hours trading Monday.
According to the running list maintained at AAPLinvestors.net, 23 analysts raised their targets on Tuesday, to prices that ranged from $210 (Goldman Sach’s David Bailey) to $280 (UBS’ Maynard Ums).
The AAPLinvestor list, maintained as a labor of love by a former adman (and Apple shareholder) named Terry Gregory, is copied below the fold. [Note Gregory does not include Jim Cramer’s price target; you can draw your own conclusions.]
See also:
- Apple earnings set new record; shares explode in after-hours trading
- Apple earnings: How the analysts got it so wrong
- Rethinking Apple’s price targets
- Apple analysts scramble to catch up
[Follow Philip Elmer-DeWitt on Twitter @philiped]
|
Company
|
Analyst
|
Date
|
Rating
|
Target
|
|
UBS
|
Maynard Um
|
20 Oct 2009
|
Buy
|
$280
|
|
Piper Jaffray
|
Gene Munster
|
20 Oct 2009
|
Overweight
|
$277
|
|
*RBC Capital Markets
|
*Mike Abramsky
|
*20 Oct 2009
|
*Outperform
|
*$275
|
|
Caris & Co.
|
Robert Cihra
|
20 Oct 2009
|
Buy
|
$260
|
|
Pacific Crest
|
Andy Hargreaves
|
20 Oct 2009
|
Outperform
|
$260
|
|
Canaccord Adams
|
Peter Misek
|
20 Oct 2009
|
Buy
|
$250
|
|
Credit Suisse
|
Bill Shope
|
20 Oct 2009
|
Outperform
|
$250
|
|
BOA/Merril Lynch
|
Scott Craig
|
20 Oct 2009
|
Buy
|
$250
|
|
Citigroup
|
Richard Gardner
|
20 Oct 2009
|
Buy
|
$250
|
|
Macquarie
|
Phil Cusick
|
20 Oct 2009
|
Outperform
|
$250
|
|
Deutsch Bank
|
Chris Whitmore
|
20Oct 2009
|
Buy
|
$250
|
|
BMO Capital Markets
|
Keith Backman
|
20 Oct 2009
|
Outperform
|
$245
|
|
Thomas Weisel Partners
|
Doug Reid
|
20 Oct 2009
|
Overweight
|
$245
|
|
Morgan Stanley
|
Katy Huberty
|
20 Oct 2009
|
Overweight
|
$235
|
|
Needham & Co
|
Charles Wolf
|
20 Oct 2009
|
Strong Buy
|
$235
|
|
Oppenheimer
|
Yair Reiner
|
20 Oct 2009
|
Outperform
|
$235
|
|
AmTech Research
|
Brian Marshall
|
20 Oct 2009
|
Buy
|
$235
|
|
Barclays Capital
|
Ben Reitzes
|
20 Oct 2009
|
Overweight
|
$235
|
|
Sanford Bernstein
|
Toni Sacconaghi
|
20 Oct 2009
|
Outperform
|
$230
|
|
Susquehanna
|
Jeffery Fidicaro
|
20 Oct 2009
|
Positive
|
$221
|
|
JMP Securities
|
Samuel Wilson
|
10 Oct 2009
|
Outperform
|
$220
|
|
J. P. Morgan
|
Mark Moskowitz
|
20 Oct 2009
|
Overweight
|
$220
|
|
Standard & Poor
|
Clyde Montevirgen
|
20 Oct 2009
|
Buy
|
$220
|
|
Goldman Sachs
|
David Bailey
|
20 Oct 2009
|
Neutral
|
$210
|
|
Kaufman Bros.
|
Shaw Wu
|
2 Oct 2009
|
Buy
|
$214
|
|
FTN Equity
|
Bill Fearnley
|
21 Sep 2009
|
Neutral
|
$180
|
|
Argus
|
Wendy Abramowitz
|
11 Sep 2009
|
Buy
|
$195
|
|
William Blair
|
Ralph Schackart
|
3 Sep 2009
|
Outperform
| |
|
Societe Generale
|
3 Jun 2009
|
Buy
|
$160
| |
|
Collins Stewart
|
Ashok Kumar
|
3 Jun 2009
|
Buy
|
$170
|
|
Cross Research
|
Shannon Cross
|
23 Apr 2009
|
Buy
|
$160
|
|
Morgan Keegan
|
Tavis McCourt
|
23 Apr 2009
|
Outperform
| |
|
Think Equity
|
Vijay Rakesh
|
23 Apr 2009
|
Buy
|
$150
|
|
Gabelli
|
Robert Haley
|
20 Apr 2009
|
Hold
| |
|
Calyon Securities
|
Shelby Seyrafi
|
24 Feb 2009
|
Underperform
|
$90
|