Carl Icahn's $34 billion tweet has Apple analysts scrambling (again) to raise their targets.
FORTUNE -- Two days after Carl Icahn tweeted that he had taken a "large position" in Apple (AAPL) -- driving the company's share price to as high as $504.25 and adding $33.5 billion to its market cap -- RBC Capital's Amit Daryanani raised his price target to $525 from $475.
That way he escaped being one of the dozen MOREPhilip Elmer-DeWitt - Aug 15, 2013 11:21 AM ET
The analyst with the Street's second highest Apple price target just lowered his to $595.
FORTUNE -- In September 2012, when Apple (AAPL) was selling for over $700 a share, more than half the analysts we track had price targets in the $750 to $900 range.
By Friday, only two were still at $700 or higher, and on Monday, one of them -- Needham's Charlie Wolf -- lowered his Apple target from MOREPhilip Elmer-DeWitt - Aug 12, 2013 9:54 AM ET
There were some inspired estimates, but nobody hit every nail on the head.
FORTUNE -- It's easy to make fun of Apple (AAPL) analysts -- and fun, too -- but in terms of their ability to accurately forecast the company's quarterly results, they've come a long way.
Two years ago, when Apple announced blow-out results that surprised nearly everybody, Wall Street's analysts missed the company's revenue and earnings by a combined average MOREPhilip Elmer-DeWitt - Jul 24, 2013 8:26 AM ET
More than most tech stocks, Netflix is an investment in the future of TV.
By Kevin Kelleher, contributor
FORTUNE – Wrapping up a conference call with analysts and investors this week, Netflix CEO Reed Hastings shared his view that the company isn't so much in the TV business as it is in the "membership happiness business." Too bad for Wall Street that he didn't mention the business of pleasing investors every quarter.
Within MOREJul 24, 2013 7:20 AM ET
Pleased by iPhone, worried about iPad and China, anticipating new product launches.
FORTUNE -- The news from Apple's (AAPL) June earnings report might have been mixed, but the after-market traders liked what they heard. (Or was that just the shorts covering their derrières?)
In any event, we got a bumper crop of analyst's reports Wednesday morning, which we'll process in batches, putting new ones on top.
UPDATE: We got a new crop after lunch, MOREPhilip Elmer-DeWitt - Jul 24, 2013 5:57 AM ET
iPhones sales were strong; iPad sales disappointed.
FORTUNE -- Apple beat Wall Street's lowered expectations on both the top and bottom lines Tuesday, reporting earnings of $7.47 per share on sales of $35.3 billion.
Apple (AAPL) closed down $7.32 (-1.72%) for the day, as if the Street had been tipped off that there was bad news coming. But it bounced nicely in after hours trading.
"We are especially proud of our record June MOREPhilip Elmer-DeWitt - Jul 23, 2013 4:16 PM ET
The forecasts of 59 Apple analysts -- 38 Wall Street professionals and 21 independents
FORTUNE -- The results of Fortune's quarterly survey of Apple (AAPL) analysts are in. The professionals are, as usual, more cautious than the amateurs -- but not consistently so (see iPods, Macs and iTunes).
Nobody, however, is expecting a blow-out quarter. Earnings estimates are down across the board -- anywhere from -7% year over year (according to independent Patrick Smellie MOREPhilip Elmer-DeWitt - Jul 22, 2013 6:31 AM ET
The analysts' estimates range from 13.5 million to 22 million. The median is 18 million.
FORTUNE -- Apple (AAPL) refreshed its iPad line out of sequence last fall to capitalize on the holiday quarter, and as a result the company's June quarter came and went without a new iPad to sell for the first time since Steve Jobs unveiled the device in 2010.
So nobody should be surprised, especially with competition in the MOREPhilip Elmer-DeWitt - Jul 17, 2013 11:06 AM ET
Fine tuning estimates for what most analysts view as a transitional quarter for Apple.
FORTUNE -- We've started to get some last-minute revisions -- positive and negative -- in advance of Apple's (AAPL) fiscal Q3 earnings report, due out next Tuesday after the markets close.
Here are excerpts from a few early notes. More as they come in.
Morgan Stanley's Katy Huberty: iPhone Drives Jun Q Upside; Expect Conservative Guide. "We're positively biased into MOREPhilip Elmer-DeWitt - Jul 17, 2013 2:51 AM ET
Wall Street's initial reactions were measured but positive. More as they come in.
FORTUNE -- Analysts who follow Apple (AAPL) may have needed more time than usual to sort through their notes from Monday's over-stuffed WWDC keynote, because by 11 p.m. EST only a handful had filed notes to clients.
Excerpts below of the ones we've seen. New ones will go on top.
JP Morgan's Mark Moskowitz: No Needle Mover, but the Building Blocks MOREPhilip Elmer-DeWitt - Jun 10, 2013 10:59 PM ET
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