Apple post-split price targets are up 9%
Here’s one measure of how Wall Street feels about Apple (AAPL) right now.
Three weeks ago, before the company’s 7:1 stock split, we collected price targets from 42 Apple analysts. At that time, their average 12-month target was $651 — or $93 in post-split dollars.
Since the split, we’ve heard from 17 of those analysts, many of whom took the opportunity to make some adjustments.
Result: A new average price target of $101 a share — up nearly 9%.
Below: Our current spreadsheet, with targets lower than Tuesday’s $90.28 close tinted under-water blue.