Barclays met with Apple execs. Citi asked suppliers. Merrill searched Google Trends
FORTUNE -- Apple (AAPL) gave up most of Tuesday's $9.66 (2.3%) gains in the first half hour of trading Wednesday after three analysts issued tepid reports:
Barclay's Ben Reitzes lowered his Apple price target to $530 from $575 after meeting with two senior VPs -- Phil Schiller and Peter Oppenheimer -- although he insists that his 8% reduction had nothing to MOREPhilip Elmer-DeWitt - Mar 6, 2013 11:41 AM ET
That's down from $740 a month ago
FORTUNE -- Wall Street engaged in a wholesale reevaluation of Apple's (AAPL) medium-term prospects last week following the company's Q1 2013 earnings report and Q2 guidance. Of the 36 analysts we polled, 33 lowered their price targets.
The new range, dropping any analyst who didn't respond, still covers a lot of ground. It travels all the way from $380 (submitted by Creative Global's Carlo Besenius, MOREPhilip Elmer-DeWitt - Jan 29, 2013 5:55 AM ET
William Power's opinions about Apple are as changeable as a baby's bottom
FORTUNE -- On Sunday, Baird Equity's William Power lowered his Apple (AAPL) price target for the second time in four days. That got me wondering how often he changes his mind about the company.
The answer, it turns out, is a lot: by my count, seven times in the past 12 months.
Starting at $500 last January, Power took his clients MOREPhilip Elmer-DeWitt - Jan 28, 2013 3:35 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 MOREPhilip Elmer-DeWitt - Dec 18, 2012 11:56 AM ET
Behind the reports that triggered a flurry of Apple analysts' revisions
FORTUNE -- At least five top Apple (AAPL) analysts lowered their price targets last weekend based on reports that the company had reduced some parts orders for the iPhone 5 in its Asian supply chain.
In a note to clients issued early Tuesday, Topeka's Brian White took a closer look at those order changes. His conclusion: "we believe the doomsday scenarios MOREPhilip Elmer-DeWitt - Dec 18, 2012 8:28 AM ET
Midway through 2012, the analysts' calls range from a low of $270 to a high of $1,200
FORTUNE -- Robert Paul Leitao, who runs the Braeburn Group of independent Apple (AAPL) analysts, published the 12-month price targets of 15 Braeburn members on his Posts at Eventide website Saturday. They range from a low of $700 to a high of $1,100, for an average of $890 a share.
How does that compare with MOREPhilip Elmer-DeWitt - Jun 17, 2012 8:22 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 MOREPhilip Elmer-DeWitt - Apr 4, 2012 6:45 AM ET
Updating price targets to account for a dividend, a buyback and 3 million iPad
Most Apple (AAPL) analysts like to publish their quarterly estimates for the current quarter the day after the company reports its results from the last. And then, unless things change dramatically, they stick with their forward-looking numbers for the next two and a half months.
Sometimes, however, Apple gets so far ahead of their forecasts that adjustments must MOREPhilip Elmer-DeWitt - Mar 20, 2012 2:27 PM ET
As of Wednesday morning Morgan Stanley's and Oppenheimer's were under water
Most sell-side Apple (AAPL) analysts are conservative in their earnings estimates but bullish in their price targets. According to Thomson/First Call, the Street high target this week is $700 and the median is a dollar short of $600. (The independent analysts are even more optimistic; the biggest number we've seen is Robert Paul Leitao's $790.)
But with Apple topping $525 in heavy MOREPhilip Elmer-DeWitt - Feb 15, 2012 10:48 AM ET
Like the tortoise in Achilles' footrace, they may be perpetually unreachable goals
"There's scant evidence that the stock market itself has paid much if any attention to analysts' price targets in recent years," writes Needham's Charlie Wolf in a note to clients Thursday that raises his own Apple (AAPL) target $80 to $620.
He's got a point. the average target among the two-dozen analysts we sampled on October 19, the day after Apple's MOREPhilip Elmer-DeWitt - Feb 9, 2012 9:14 AM ET
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