Apple 2.0

Covering the business that Steve Jobs built

Apple at $630: 18 analysts whose targets are under water

April 4, 2012: 6:45 AM ET

Price targets of $1,001 and $920 are getting the headlines. But what about the stragglers?

If you've read anything about Apple (AAPL) lately, you've probably heard that the stock is on a tear, up more than 50% since January to close at $629.32 Tuesday, a new record high.

Two weeks ago, a flurry of analysts hurried to set new price targets in the $660 to $800 range, and this week two more made headlines by coming in at $910 and $1,001.

But there are dozens more who either didn't get the memo or haven't bothered to freshen their spreadsheets. According to the database maintained by Terry Gregory at AAPLInvestors, the Apple price targets of half of Wall Street are now under water.

We've updated a few of his numbers, but as near as we can tell, there are still 18 analysts with 12-month price targets lower that Tuesday's closing price. If you're on this list but shouldn't be, please let us know and we'll take you off.

Analyst Affiliation Price target Date
Charles Wolf Needham & Co $620 9-Feb-12
Walter Piecyk BTIG $600 25-Jan-12
Chris Whitmore Deutsche Bank $600 25-Jan-12
Bill Choi Janney Capital $580 25-Jan-12
Jeffery Fidicaro Susquehanna $545 21-Dec-11
Brian Marshall Intl Strategy & Investment $525 25-Jan-12
James Cordwell Atlantic Equities $520 20-Jul-11
Kevin Dede Brigantine Advisors $500 23-Jan-12
Robert Cihra Caris & Co. $500 21-Apr-11
Collin Gillis BGC Partners $450 17-Oct-11
Ashok Kumar Rodman & Renshaw $450 20-Jul-11
Hendi Susanto Gabelli $450 17-Dec-10
Clyde Montevirgen Standard & Poor $440 28-Apr-11
Josh Levine ChangeWave Investing $440 13-Jan-11
Doug Reid Stifel Nicolaus $425 19-Jan-11
Jim Kelleher Argus $415 29-Apr-11
Alex Guana JMP Securities $400 25-Aug-11
Ed Zabisky ACI Research $270 25-Jan-12
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About This Author
Philip Elmer-Dewitt
Philip Elmer-DeWitt
Editor, Apple 2.0, Fortune

Philip Elmer-DeWitt has been following Apple since 1982, first for Time Magazine, and now on the Web for Fortune.com.

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