FORTUNE — Two days after Carl Icahn tweeted that he had taken a “large position” in Apple (AAPL) — driving the company’s share price to as high as $504.25 and adding $33.5 billion to its market cap — RBC Capital’s Amit Daryanani raised his price target to $525 from $475.
That way he escaped being one of the dozen analysts whose predictions for where Apple’s stock price will be this time next year are below today’s opening price of $496.95.
This is hardly the first time the 12-month targets Apple analysts offer their clients have proved to be trailing — rather than leading — indicators.
See also:
- Trailing indicators: Analysts’ price targets vs. Apple’s shares
- Look whose Apple price targets are underwater
- The new Apple price targets
- Look whose Apple price targets are underwater (updated)
Below the fold: The current state of our price target spreadsheet.
