Apple at $630: 18 analysts whose targets are under water
April 4, 2012: 6:45 AM ETPrice 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 |
