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…
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