If the published price targets set by Apple analysts have any power to influence the stock’s day-to-day share price, it was not in evidence this week.
By my count, 13 analysts raised their 12-month targets after Apple reported its second blockbuster quarter in a row. Yet the stock immediately fell three days in a row, shaving $43.6 billion off Apple’s market value.
The bulls among the analysts are more bullish than ever. Led by Cantor Fitzgerald’s Brian White at $195 a share — the highest adjusted price target ever set for Apple — they raised the Street’s average target to $142.90.
The Berenberg bears are still bearish, but more quietly. Though he called Apple a “one-product company” and left his (deep underwater) $85 target in place, Berenberg’s Adnaan Ahmad did not reiterate it.
Below: The latest price targets, as fresh and up to date as I can make them. Corrections appreciated.
Click to enlarge.
Reader bshammy’s has asked for the analysts’ track records. The best I can offer are charts like Cantor Fitzgerald’s below, which shows Apple’s share price reaching Brian White’s targets in less than 12 months. So far, anyway.
