The analysts weren't as freaked out as the traders seemed to be
FORTUNE (Koh Ngai, Thailand) -- There was mild disappointment here and there, but most analysts reacted calmly to a holiday quarter report that carved more than $50 billion off Apple's (AAPL) market cap in after-hours trading.
A sampling of the notes to clients posted Wednesday evening:
Katy Huberty, Morgan Stanley: March Q Another Tough Comp; Catalysts Hit in F2H13. C4Q revenue beat guidance MORE
Philip Elmer-DeWitt - Jan 23, 2013 9:13 PM ET
Ranking the best and worst Apple analysts for fiscal Q1 2013
FORTUNE (Koh Ngai, Thailand) -- As evidenced by Apple's (AAPL) sickening $55.5 (10.8%) drop in after-hour trading Wednesday, the analysts who cover the company -- both on and off Wall Street -- aren't doing it any favors.
The company didn't have a bad quarter. In fact, it posted its best quarter ever with earnings per share of $13.81 on sales of MORE
Philip Elmer-DeWitt - Jan 23, 2013 8:16 PM ET
In the past week, at least eight Apple analysts have lowered their targets
FORTUNE -- Some did it based on what they perceived as signs of weak iPhone 5 sales. Others took the opportunity to bring theirs closer to the company's ravaged stock price. At least one believes Apple's (AAPL) best days are over, and that investors are best advised to borrow shares and sell them short.
Whatever the reason, at least eight MORE
Philip Elmer-DeWitt - Dec 18, 2012 11:56 AM ET
Record first-weekend sales suggest a strong Chinese New Year for Apple
FORTUNE -- On Friday, UBS's Steven Milunovich wrote that "some of [his] Chinese sources do not expect the iPhone 5 to do as well as the iPhone 4S." Two days later, Citigroup's Glen Yeung wrote that reports of supply-chain order cuts "bring into question the strength of iPhone 5."
That was before Apple (AAPL) announced that it sold more than 2 million MORE
Philip Elmer-DeWitt - Dec 17, 2012 7:45 AM ET
Since hitting $705 in September, Apple has dropped 24%. Will its shares ever bounce?
FORTUNE -- With Apple's (AAPL) share price off sharply from its September highs and seemingly stuck in the mid-$500 doldrums, sell-side analysts with considerably higher price targets (mean: $764) have been busy trying to calm their anxious clients. Excerpts from this week's notes:
RBC Capital's Amit Daryanani: Addressing Top Five Concerns. "In recent weeks we have discussed and MORE
Philip Elmer-DeWitt - Nov 14, 2012 7:08 AM ET
Is Wall Street expecting AAPL to get a post-conference bounce? You be the judge.
FORTUNE -- Apple's (AAPL) World Wide Developers Conference -- its only remaining public event not explicitly linked to a product announcement -- is set to open in San Francisco Monday, and several analysts issued notes Friday telling their clients what to expect.
Merrill Lynch's Scott Craig: Clockwork-like software innovation is often overlooked. WWDC mainly serves to showcase the latest MORE
Philip Elmer-DeWitt - Jun 8, 2012 10:44 AM ET
Unbridled enthusiasm (almost) across the board
FORTUNE -- With no apologies for having underestimated Apple's (AAPL) earnings in the walk-up to Tuesday's results (see here), the Street rejoiced in another record quarter.
Topeka's Brian White: #1 in Consumers' Hearts, Apple Fever Rocks On. "Last night, Apple's performance once again demonstrated how quickly Apple fever is spreading around the world and this trend continues to drive meaningful upside in the Company's financial results. MORE
Philip Elmer-DeWitt - Apr 25, 2012 8:19 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 MORE
Philip Elmer-DeWitt - Apr 4, 2012 6:45 AM ET
Most seem to be even more impressed with the latest tablet than the tech press was
RBC Capital's Mike Abramsky: 'New iPad' - Incremental? Really? We would argue it will maintain Apple's Tablet dominance, especially when considered in context with Apple's powerful ecosystem (iTunes, iTunes Store, iCloud, iOS, App Store, carrier/store distribution, etc)... The new iPad raises the performance bar, with the highest resolution screen on a tablet and the A5X processor MORE
Philip Elmer-DeWitt - Mar 8, 2012 7:29 AM ET
Technically, it was Hudson Square's Daniel Ernst. But we have a few caveats.
Eyebrows were raised in October 2010 when Daniel Ernst hiked his 12-month Apple (AAPL) price target from $300 a share to $500. But perhaps drawing attention to himself was the point. The senior analyst at Hudson Square Research is now a regular contributor on CNBC and his current price target -- $700 -- is once again the Street's MORE
Philip Elmer-DeWitt - Feb 11, 2012 6:15 AM ET