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As U.S. Treasury intervened in the bond market, the Netherlands rushed 86 tons of gold out of America because of ‘geopolitical unrest’

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'Critical employees will begin to retire': Trump’s new pay plan will deny most federal roles a raise, and it has workers warning of a retention crunch

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New LA Angels owner Stan Kroenke is quietly America's largest private landowner, boasting 2.7 million acres and besting Bill Gates and Jeff Bezos

Apple at $500: Look whose price targets are underwater now

By
Philip Elmer-DeWitt
Philip Elmer-DeWitt
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By
Philip Elmer-DeWitt
Philip Elmer-DeWitt
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August 15, 2013, 11:21 AM ET
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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.



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By Philip Elmer-DeWitt
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