Apple at $119.10: Look whose price targets are underwater now
As you may have noticed, Apple has been on roll lately. On Tuesday morning it broke two of its own records:
— It opened at $119.10, an all time high
— Its market cap passed $700 billion, putting even more distance between it and Exxon ($401 billion), Microsoft ($394 billion) and Google ($367 billion).
Meanwhile, the sell-side analysts who follow Apple may have set their own record. For the first time since I’ve been tracking their price targets, half are underwater.
Either those Buy, Overweight and Outperform ratings are less bullish than they sound, or the analysts are once again having trouble keeping up with Cupertino. See here, here, here, here, here and here.
Talk about a trailing indicator!
Below: Our current list of Apple price targets – as fresh and up-to-date as we can get it — from a high of $143 to a low of $60. Corrections appreciated.