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.
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.
|Charles Wolf||Needham & Co||$620||9-Feb-12|
|Chris Whitmore||Deutsche Bank||$600||25-Jan-12|
|Bill Choi||Janney Capital||$580||25-Jan-12|
|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|
|Clyde Montevirgen||Standard & Poor||$440||28-Apr-11|
|Josh Levine||ChangeWave Investing||$440||13-Jan-11|
|Doug Reid||Stifel Nicolaus||$425||19-Jan-11|
|Alex Guana||JMP Securities||$400||25-Aug-11|
|Ed Zabisky||ACI Research||$270||25-Jan-12|
Investors search for reasons the company's market cap grew by $15 billion in one day
The $16.49 Apple (AAPL) rose Thursday was only its sixth largest one-day dollar gain, according to AAPLInvestors, and in percentage terms, 3.46% doesn't even make the top 10.
But when the world's most valuable company rallies a few points, its market capitalization gets a whole lot bigger. According to the Bespoke Investment Group, Apple's one-day gain Thursday -- MOREPhilip Elmer-DeWitt - Feb 10, 2012 6:05 AM ET
Take away the crash of 2008, and you can see Apple's share price go up $100 every year
Terry Gregory, who collects what he calls "useful stats" at AAPLInvestors.net, has created the chart at right that shows the year-over-year percentage increases in Apple's (AAPL) share price every month for the past five and half years, starting with January 2006.
Investors troubled by the stock's lackluster performance in the winter and spring of MOREPhilip Elmer-DeWitt - Jul 10, 2011 6:19 AM ET
The stock has climbed nearly 65% in the past 12 months
Having closed at an all-time record $318.62 Monday, Apple (AAPL) picked up Tuesday morning where it left off.
It opened at $321 -- itself a record high -- and quickly rose to a new intraday high of $321.30.
In fact, Apple has spent much of the past two months in record territory, thanks to a strong product lineup and a string of MOREPhilip Elmer-DeWitt - Nov 9, 2010 11:18 AM ET
Talk about a disconnect!
Sixteen Wall Street analysts raised their Apple (AAPL) price targets Tuesday, according to AAPLInvestors.net. Meanwhile, the stock opened down $14.49 (4.6%) from Monday's close, despite a quarterly report that showed revenues that up more than 60% year over year.
The stock closed at $309.49, down $8.51 (2.68%) for the day.
Don't cry for Apple's share price
Apple analysts' frenzied Q4 round-up
Apple sold 14.1 million iPhones in Q4, iPad sales disappoint
Earnings Smackdown: MORE
Even as people were queuing up to buy the device, critics were dancing on its grave
AAPLinvestors' Terry Gregory, a longtime Apple (AAPL) stockholder, likes to collect what he believes to be misguided quotes about the company's products.
His site hosts a fascinating list of early Macintosh reviews and what may be the definitive collection of dumb iPhone quotes.
In that spirit, he started a "death watch" MOREPhilip Elmer-DeWitt - Jun 1, 2010 7:53 AM ET
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