Monday, December 24, 2012

Updated AAPL Price Targets



DateAnalyst FirmRatingPrice EstimateCondition
12/21/12RBCOutperform$725Price Decreased
12/17/12Mizuho SecuritiesBuy$600Price Decreased
12/17/12Canaccord GenuityBuy$750Price Decreased
12/17/12Pacific CrestOutperform$565Price Decreased
12/14/12CitigroupNeutral$575Downgrade
12/14/12UBSBuy$700Price Reduced
12/10/12JefferiesBuy$800Price Reduced
12/3/12Sundal CollierSell$400Coverage Initiated
11/19/12Merrill LynchBuy$780Price Decreased
10/26/12Morgan StanleyOverweight$714Price Decreased
10/26/12Goldman SachsBuy$760Price Decreased
10/26/12Piper JaffrayBuy$900Price Decreased
10/18/12Janney Montgomery ScottBuy$745Price Increased
10/18/12BMOOutperform$730Price Decreased
09/21/12Deutsche BankBuy$850Price Increased
09/17/12Bank of America/Merrill LynchBuy$850Price Increased
09/13/12RW BairdBuy$750Price Increased
09/13/12FBN SecuritiesBuy$1000Price Increased
09/13/12Bernstein ResearchBuy$800Price Increased
09/4/12Wedbush SecuritiesBuy$885Price Increased
08/22/12Needham & Co.Buy$750Price Increased
08/9/12Stifel NicolausBuy$825Coverage Initiated
05/24/12OppenheimerOutperform$680Price Decreased
05/15/12Stern AgeeBuy$780Price Increased
05/15/12Barclays CapitalBuy$750Price Reiterated
05/14/12Topeka CapitalBuy$1,111Price Reiterated
05/11/12Credit SuisseOutperform$750Price Increased
04/26/12Topeka CapitalBuy$1,111Price Increased
04/25/12AurigaBuy$700Price Reiterated
04/09/12BTIGNeutral$600Downgrade


Price estimates generally refer to the expected stock price one year from the estimate date.

RBC lowers target price to $725

Based on cannibalization of iPad sales by the iPad mini and lower iPhone sales, RBC analysts lowered AAPL's target stock price to $725.

Link: AAPL: RBC Cuts Target to $725, Wells Sees Services Advantage; Safest Stock?

Monday, December 17, 2012

Updated AAPL Price Targets



DateAnalyst FirmRatingPrice EstimateCondition
12/17/12Mizuho SecuritiesBuy$600Price Decreased
12/17/12Canaccord GenuityBuy$750Price Decreased
12/17/12Pacific CrestOutperform$565Price Decreased
12/14/12CitigroupNeutral$575Downgrade
12/14/12UBSBuy$700Price Reduced
12/10/12JefferiesBuy$800Price Reduced
12/3/12Sundal CollierSell$400Coverage Initiated
11/19/12Merrill LynchBuy$780Price Decreased
10/26/12Morgan StanleyOverweight$714Price Decreased
10/26/12Goldman SachsBuy$760Price Decreased
10/26/12Piper JaffrayBuy$900Price Decreased
10/18/12Janney Montgomery ScottBuy$745Price Increased
10/18/12BMOOutperform$730Price Decreased
09/21/12Deutsche BankBuy$850Price Increased
09/17/12Bank of America/Merrill LynchBuy$850Price Increased
09/13/12RW BairdBuy$750Price Increased
09/13/12FBN SecuritiesBuy$1000Price Increased
09/13/12Bernstein ResearchBuy$800Price Increased
09/4/12Wedbush SecuritiesBuy$885Price Increased
08/22/12Needham & Co.Buy$750Price Increased
08/9/12Stifel NicolausBuy$825Coverage Initiated
05/24/12OppenheimerOutperform$680Price Decreased
05/15/12Stern AgeeBuy$780Price Increased
05/15/12Barclays CapitalBuy$750Price Reiterated
05/14/12Topeka CapitalBuy$1,111Price Reiterated
05/11/12Credit SuisseOutperform$750Price Increased
04/26/12Topeka CapitalBuy$1,111Price Increased
04/25/12AurigaBuy$700Price Reiterated
04/09/12BTIGNeutral$600Downgrade


Price estimates generally refer to the expected stock price one year from the estimate date.

AAPL gets a downgrade from Citi and multiple target price cuts

Citi downgraded AAPL to Neutral with a price target of $575. Pacific Crest cuts their price target to $565. Canaccord Genuity cuts AAPL to $750, while Mizuho Securities cuts it to $600. A number of analysts from Piper Jaffrey, Morgan Stanley, and Wells Fargo reiterated their bullish price targets.

Link: AAPL: Citi, Morgan Stanley, Piper, Bernstein, Canaccord, Mizuho, Pac Crest Debate iPhone, iPad

Saturday, December 15, 2012

Updated AAPL price targets



DateAnalyst FirmRatingPrice EstimateCondition
12/14/12UBSBuy$700Price Reduced
12/10/12JefferiesBuy$800Price Reduced
12/3/12Sundal CollierSell$400Coverage Initiated
11/26/12CitigroupBuy$675Coverage Initiated
11/19/12Merrill LynchBuy$780Price Decreased
10/26/12Pacific CrestOutperform$670Price Decreased
10/26/12Morgan StanleyOverweight$714Price Decreased
10/26/12Goldman SachsBuy$760Price Decreased
10/26/12Piper JaffrayBuy$900Price Decreased
10/18/12Janney Montgomery ScottBuy$745Price Increased
10/18/12BMOOutperform$730Price Decreased
09/21/12Deutsche BankBuy$850Price Increased
09/17/12Bank of America/Merrill LynchBuy$850Price Increased
09/13/12RW BairdBuy$750Price Increased
09/13/12FBN SecuritiesBuy$1000Price Increased
09/13/12Bernstein ResearchBuy$800Price Increased
09/4/12Wedbush SecuritiesBuy$885Price Increased
08/22/12Needham & Co.Buy$750Price Increased
08/9/12Stifel NicolausBuy$825Coverage Initiated
06/12/12Canaccord GenuityBuy$800Price Increased
05/24/12OppenheimerOutperform$680Price Decreased
05/15/12Stern AgeeBuy$780Price Increased
05/15/12Barclays CapitalBuy$750Price Reiterated
05/14/12Topeka CapitalBuy$1,111Price Reiterated
05/11/12Credit SuisseOutperform$750Price Increased
04/26/12Topeka CapitalBuy$1,111Price Increased
04/25/12AurigaBuy$700Price Reiterated
04/09/12BTIGNeutral$600Downgrade


Price estimates generally refer to the expected stock price one year from the estimate date.

UBS cuts AAPL price target to $700

UBS analyst Milunovich cut Apple's price target from $780 to $700 on iPhone estimate reductions for 2013 and 2014 and reduced ipad numbers

Link: AAPL Falls as Low as $506.01: UBS, Jefferies Trim iPhone Views, Ponder China Question

Monday, December 10, 2012

Updated AAPL Target Price



DateAnalyst FirmRatingPrice EstimateCondition
12/10/12JefferiesBuy$800Price Reduced
12/3/12Sundal CollierSell$400Coverage Initiated
11/26/12CitigroupBuy$675Coverage Initiated
11/19/12Merrill LynchBuy$780Price Decreased
10/26/12Pacific CrestOutperform$670Price Decreased
10/26/12Morgan StanleyOverweight$714Price Decreased
10/26/12Goldman SachsBuy$760Price Decreased
10/26/12Piper JaffrayBuy$900Price Decreased
10/18/12Janney Montgomery ScottBuy$745Price Increased
10/18/12BMOOutperform$730Price Decreased
09/21/12Deutsche BankBuy$850Price Increased
09/17/12Bank of America/Merrill LynchBuy$850Price Increased
09/13/12RW BairdBuy$750Price Increased
09/13/12FBN SecuritiesBuy$1000Price Increased
09/13/12Bernstein ResearchBuy$800Price Increased
09/4/12Wedbush SecuritiesBuy$885Price Increased
08/22/12Needham & Co.Buy$750Price Increased
08/9/12Stifel NicolausBuy$825Coverage Initiated
06/12/12Canaccord GenuityBuy$800Price Increased
05/24/12OppenheimerOutperform$680Price Decreased
05/15/12Stern AgeeBuy$780Price Increased
05/15/12Barclays CapitalBuy$750Price Reiterated
05/14/12Topeka CapitalBuy$1,111Price Reiterated
05/11/12Credit SuisseOutperform$750Price Increased
04/26/12Topeka CapitalBuy$1,111Price Increased
04/25/12AurigaBuy$700Price Reiterated
04/09/12BTIGNeutral$600Downgrade


Price estimates generally refer to the expected stock price one year from the estimate date.

Jefferies drops AAPL target by $100

On expectations of reduced margins in 2014 due to saturating the smart-phone market in developed nations, Jefferies analyst Misek reduced AAPL's target price form $900 to $800.

Link: Apple: Jefferies Trims Target; Sees Margin Crunch In 2014

Monday, December 3, 2012

Updated AAPL Target Price



DateAnalyst FirmRatingPrice EstimateCondition
12/3/12Sundal CollierSell$400Coverage Initiated
11/26/12CitigroupBuy$675Coverage Initiated
11/19/12Merrill LynchBuy$780Price Decreased
10/26/12Pacific CrestOutperform$670Price Decreased
10/26/12Morgan StanleyOverweight$714Price Decreased
10/26/12Goldman SachsBuy$760Price Decreased
10/26/12Piper JaffrayBuy$900Price Decreased
10/18/12Janney Montgomery ScottBuy$745Price Increased
10/18/12BMOOutperform$730Price Decreased
09/21/12Deutsche BankBuy$850Price Increased
09/17/12Bank of America/Merrill LynchBuy$850Price Increased
09/13/12RW BairdBuy$750Price Increased
09/13/12FBN SecuritiesBuy$1000Price Increased
09/13/12Bernstein ResearchBuy$800Price Increased
09/4/12Wedbush SecuritiesBuy$885Price Increased
08/22/12Needham & Co.Buy$750Price Increased
08/17/12JefferiesConviction List Buy$900Price Increased
08/9/12Stifel NicolausBuy$825Coverage Initiated
06/12/12Canaccord GenuityBuy$800Price Increased
05/24/12OppenheimerOutperform$680Price Decreased
05/15/12Stern AgeeBuy$780Price Increased
05/15/12Barclays CapitalBuy$750Price Reiterated
05/14/12Topeka CapitalBuy$1,111Price Reiterated
05/11/12Credit SuisseOutperform$750Price Increased
04/26/12Topeka CapitalBuy$1,111Price Increased
04/25/12AurigaBuy$700Price Reiterated
04/09/12BTIGNeutral$600Downgrade


Price estimates generally refer to the expected stock price one year from the estimate date.

Sundal Collier issues SELL rating on AAPL and $400 target price

Sundal Collier sees very little upside for Apple, and issued a SELL rating with a price target of $400.

Link:AAPL: Sundal Collier Starts at Sell, $400 Target; ‘Cycle of Vogue’ Ending

Monday, November 26, 2012

Updated AAPL Target Price



DateAnalyst FirmRatingPrice EstimateCondition
11/26/12CitigroupBuy$675Coverage Initiated
11/19/12Merrill LynchBuy$780Price Decreased
10/26/12Pacific CrestOutperform$670Price Decreased
10/26/12Morgan StanleyOverweight$714Price Decreased
10/26/12Goldman SachsBuy$760Price Decreased
10/26/12Piper JaffrayBuy$900Price Decreased
10/18/12Janney Montgomery ScottBuy$745Price Increased
10/18/12BMOOutperform$730Price Decreased
09/21/12Deutsche BankBuy$850Price Increased
09/17/12Bank of America/Merrill LynchBuy$850Price Increased
09/13/12RW BairdBuy$750Price Increased
09/13/12FBN SecuritiesBuy$1000Price Increased
09/13/12Bernstein ResearchBuy$800Price Increased
09/4/12Wedbush SecuritiesBuy$885Price Increased
08/22/12Needham & Co.Buy$750Price Increased
08/17/12JefferiesConviction List Buy$900Price Increased
08/9/12Stifel NicolausBuy$825Coverage Initiated
06/12/12Canaccord GenuityBuy$800Price Increased
05/24/12OppenheimerOutperform$680Price Decreased
05/15/12Stern AgeeBuy$780Price Increased
05/15/12Barclays CapitalBuy$750Price Reiterated
05/14/12Topeka CapitalBuy$1,111Price Reiterated
05/11/12Credit SuisseOutperform$750Price Increased
04/26/12Topeka CapitalBuy$1,111Price Increased
04/25/12AurigaBuy$700Price Reiterated
04/09/12BTIGNeutral$600Downgrade


Price estimates generally refer to the expected stock price one year from the estimate date.

Citigroup starts AAPL with Buy Rating and $675 Target

Citigroup analysts are predicting a 20% return for their $675 target price.

Link: Citigroup launches Apple coverage with buy rating

Monday, November 19, 2012

Updated AAPL Target Price



DateAnalyst FirmRatingPrice EstimateCondition
11/19/12Merrill LynchBuy$780Price Decreased
10/26/12Pacific CrestOutperform$670Price Decreased
10/26/12Morgan StanleyOverweight$714Price Decreased
10/26/12Goldman SachsBuy$760Price Decreased
10/26/12Piper JaffrayBuy$900Price Decreased
10/18/12Janney Montgomery ScottBuy$745Price Increased
10/18/12BMOOutperform$730Price Decreased
09/21/12Deutsche BankBuy$850Price Increased
09/17/12Bank of America/Merrill LynchBuy$850Price Increased
09/13/12RW BairdBuy$750Price Increased
09/13/12FBN SecuritiesBuy$1000Price Increased
09/13/12Bernstein ResearchBuy$800Price Increased
09/4/12Wedbush SecuritiesBuy$885Price Increased
08/22/12Needham & Co.Buy$750Price Increased
08/17/12JefferiesConviction List Buy$900Price Increased
08/9/12Stifel NicolausBuy$825Coverage Initiated
06/12/12Canaccord GenuityBuy$800Price Increased
05/24/12OppenheimerOutperform$680Price Decreased
05/15/12Stern AgeeBuy$780Price Increased
05/15/12Barclays CapitalBuy$750Price Reiterated
05/14/12Topeka CapitalBuy$1,111Price Reiterated
05/11/12Credit SuisseOutperform$750Price Increased
04/26/12Topeka CapitalBuy$1,111Price Increased
04/25/12AurigaBuy$700Price Reiterated
04/09/12BTIGNeutral$600Downgrade


Price estimates generally refer to the expected stock price one year from the estimate date.

Merrill Lynch cuts target price to $780

Based on only a 12x multiple on 2013 earnings, Merrill Lynch maintains a Buy rating, but cuts their AAPL target price to $780.

Link: AAPL: Merrill Cuts Target to $780, Trims Margin Estimate

Sunday, October 28, 2012

Updated AAPL target price



DateAnalyst FirmRatingPrice EstimateCondition
10/26/12Pacific CrestOutperform$670Price Decreased
10/26/12Morgan StanleyOverweight$714Price Decreased
10/26/12Goldman SachsBuy$760Price Decreased
10/26/12Piper JaffrayBuy$900Price Decreased
10/18/12Janney Montgomery ScottBuy$745Price Increased
10/18/12BMOOutperform$730Price Decreased
09/21/12Deutsche BankBuy$850Price Increased
09/17/12Bank of America/Merrill LynchBuy$850Price Increased
09/13/12RW BairdBuy$750Price Increased
09/13/12FBN SecuritiesBuy$1000Price Increased
09/13/12Bernstein ResearchBuy$800Price Increased
09/4/12Wedbush SecuritiesBuy$885Price Increased
08/22/12Needham & Co.Buy$750Price Increased
08/17/12JefferiesConviction List Buy$900Price Increased
08/9/12Stifel NicolausBuy$825Coverage Initiated
06/12/12Canaccord GenuityBuy$800Price Increased
05/24/12OppenheimerOutperform$680Price Decreased
05/15/12Stern AgeeBuy$780Price Increased
05/15/12Barclays CapitalBuy$750Price Reiterated
05/14/12Topeka CapitalBuy$1,111Price Reiterated
05/11/12Credit SuisseOutperform$750Price Increased
04/26/12Topeka CapitalBuy$1,111Price Increased
04/25/12AurigaBuy$700Price Reiterated
04/09/12BTIGNeutral$600Downgrade


Price estimates generally refer to the expected stock price one year from the estimate date.

AAPL target price reduced

AAPL announced 3rd quarter earnings. Gene Muster of Piper Jaffray cuts target price from $910 to $900. Katy Huberty of Morgan Stanley cuts target price from $720 to $714. Bill Shope of Goldman Sachs cuts target price from $810 to $760. Andy Hargreaves cuts target price from $760 to $670.

Barron's: AAPL: Price Targets, Estimates Cut; Will Margins Rebound?

Thursday, October 18, 2012

Updated AAPL Analyst Ratings



DateAnalyst FirmRatingPrice EstimateCondition
10/18/12Janney Montgomery ScottBuy$745Price Increased
10/18/12BMOOutperform$730Price Decreased
09/21/12Deutsche BankBuy$850Price Increased
09/17/12Bank of America/Merrill LynchBuy$850Price Increased
09/13/12RW BairdBuy$750Price Increased
09/13/12FBN SecuritiesBuy$1000Price Increased
09/13/12Bernstein ResearchBuy$800Price Increased
09/4/12Wedbush SecuritiesBuy$885Price Increased
08/22/12Needham & Co.Buy$750Price Increased
08/17/12JefferiesConviction List Buy$900Price Increased
08/9/12Stifel NicolausBuy$825Coverage Initiated
06/12/12Canaccord GenuityBuy$800Price Increased
05/24/12OppenheimerOutperform$680Price Decreased
05/21/12Goldman SachsConviction Buy$850Price Reiterated
05/15/12Stern AgeeBuy$780Price Increased
05/15/12Barclays CapitalBuy$750Price Reiterated
05/14/12Topeka CapitalBuy$1,111Price Reiterated
05/11/12Credit SuisseOutperform$750Price Increased
04/26/12Topeka CapitalBuy$1,111Price Increased
04/25/12AurigaBuy$700Price Reiterated
04/18/12Goldman SachsBuy$750Price Increased
04/09/12BTIGNeutral$600Downgrade
04/03/12Piper JaffrayBuy$910Price Increased
03/14/12Morgan StanleyBest Ideas$720Rating/Price Increased


Price estimates generally refer to the expected stock price one year from the estimate date.

Janney Montgomery Scott analyst increases AAPL stock price target to $745

Janney Montgomery Scott analyst, Bill Choi, increased his AAPL stock price target to $745 on anticipation of strong sales of the iPad mini.

Link:Janney Montgomery Scott Ups $AAPL Target to $745 on iPad mini

BMO Reduces AAPL target to $730

Concerned about supply constraints on the iPhone 5, a BMO analyst reduced his target price of AAPL from $750 to $730.

Link: Apple's iPhone shipment target lowered by BMO

Friday, September 21, 2012

Updated AAPL Analyst Ratings



DateAnalyst FirmRatingPrice EstimateCondition
09/21/12Deutsche BankBuy$850Price Increased
09/17/12Bank of America/Merrill LynchBuy$850Price Increased
09/13/12RW BairdBuy$750Price Increased
09/13/12FBN SecuritiesBuy$1000Price Increased
09/13/12Bernstein ResearchBuy$800Price Increased
09/4/12Wedbush SecuritiesBuy$885Price Increased
08/22/12Needham & Co.Buy$750Price Increased
08/17/12JefferiesConviction List Buy$900Price Increased
08/9/12Stifel NicolausBuy$825Coverage Initiated
06/12/12Canaccord GenuityBuy$800Price Increased
05/24/12OppenheimerOutperform$680Price Decreased
05/21/12Goldman SachsConviction Buy$850Price Reiterated
05/21/12Piper JaffrayBuy$910Price Reiterated
05/18/12BMOOutperform$695Price Reiterated
05/15/12Stern AgeeBuy$780Price Increased
05/15/12Barclays CapitalBuy$750Price Reiterated
05/14/12Topeka CapitalBuy$1,111Price Reiterated
05/14/12Piper JaffrayBuy$910Price Reiterated
05/11/12Credit SuisseOutperform$750Price Increased
04/26/12Topeka CapitalBuy$1,111Price Increased
04/25/12AurigaBuy$700Price Reiterated
04/18/12Goldman SachsBuy$750Price Increased
04/09/12BTIGNeutral$600Downgrade
04/03/12Piper JaffrayBuy$910Price Increased
03/14/12Morgan StanleyBest Ideas$720Rating/Price Increased


Price estimates generally refer to the expected stock price one year from the estimate date.

Deutsche Bank Raises AAPL Price Target to $850

On the success of the iPhone 5 launch, Deutsche Bank ups AAPL target price to $850.

AppleInsider: Blockbuster iPhone 5 launch expected to push Apple stock to $850

Tuesday, September 18, 2012

Updated AAPL Analyst Ratings



DateAnalyst FirmRatingPrice EstimateCondition
09/17/12Bank of America/Merrill LynchBuy$850Price Increased
09/13/12RW BairdBuy$750Price Increased
09/13/12FBN SecuritiesBuy$1000Price Increased
09/13/12Bernstein ResearchBuy$800Price Increased
09/4/12Wedbush SecuritiesBuy$885Price Increased
08/22/12Needham & Co.Buy$750Price Increased
08/17/12JefferiesConviction List Buy$900Price Increased
08/9/12Stifel NicolausBuy$825Coverage Initiated
06/12/12Canaccord GenuityBuy$800Price Increased
05/24/12OppenheimerOutperform$680Price Decreased
05/21/12Goldman SachsConviction Buy$850Price Reiterated
05/21/12Piper JaffrayBuy$910Price Reiterated
05/18/12BMOOutperform$695Price Reiterated
05/15/12Stern AgeeBuy$780Price Increased
05/15/12Barclays CapitalBuy$750Price Reiterated
05/14/12Topeka CapitalBuy$1,111Price Reiterated
05/14/12Piper JaffrayBuy$910Price Reiterated
05/11/12Credit SuisseOutperform$750Price Increased
04/26/12Topeka CapitalBuy$1,111Price Increased
04/25/12AurigaBuy$700Price Reiterated
04/18/12Goldman SachsBuy$750Price Increased
04/09/12BTIGNeutral$600Downgrade
04/03/12Piper JaffrayBuy$910Price Increased
03/14/12Morgan StanleyBest Ideas$720Rating/Price Increased


Price estimates generally refer to the expected stock price one year from the estimate date.

Tuesday, September 4, 2012

Updated AAPL Analyst Ratings



DateAnalyst FirmRatingPrice EstimateCondition
09/4/12Wedbush SecuritiesBuy$885Price Increased
08/22/12Needham & Co.Buy$750Price Increased
08/17/12JefferiesConviction List Buy$900Price Increased
08/9/12Stifel NicolausBuy$825Coverage Initiated
06/12/12Canaccord GenuityBuy$800Price Increased
05/24/12OppenheimerOutperform$680Price Decreased
05/21/12Goldman SachsConviction Buy$850Price Reiterated
05/21/12Piper JaffrayBuy$910Price Reiterated
05/18/12BMOOutperform$695Price Reiterated
05/15/12Stern AgeeBuy$780Price Increased
05/15/12Barclays CapitalBuy$750Price Reiterated
05/14/12Topeka CapitalBuy$1,111Price Reiterated
05/14/12Piper JaffrayBuy$910Price Reiterated
05/11/12Credit SuisseOutperform$750Price Increased
04/26/12Topeka CapitalBuy$1,111Price Increased
04/25/12AurigaBuy$700Price Reiterated
04/18/12Goldman SachsBuy$750Price Increased
04/09/12BTIGNeutral$600Downgrade
04/03/12Piper JaffrayBuy$910Price Increased
03/14/12Morgan StanleyBest Ideas$720Rating/Price Increased


Price estimates generally refer to the expected stock price one year from the estimate date.

Wednesday, August 22, 2012

Updated AAPL Analyst Ratings



DateAnalyst FirmRatingPrice EstimateCondition
08/22/12Needham & Co.Buy$750Price Increased
08/17/12JefferiesConviction List Buy$900Price Increased
08/9/12Stifel NicolausBuy$825Coverage Initiated
06/12/12Canaccord GenuityBuy$800Price Increased
05/24/12OppenheimerOutperform$680Price Decreased
05/21/12Goldman SachsConviction Buy$850Price Reiterated
05/21/12Piper JaffrayBuy$910Price Reiterated
05/18/12BMOOutperform$695Price Reiterated
05/15/12Stern AgeeBuy$780Price Increased
05/15/12Barclays CapitalBuy$750Price Reiterated
05/14/12Topeka CapitalBuy$1,111Price Reiterated
05/14/12Piper JaffrayBuy$910Price Reiterated
05/11/12Credit SuisseOutperform$750Price Increased
04/26/12Topeka CapitalBuy$1,111Price Increased
04/25/12AurigaBuy$700Price Reiterated
04/18/12Goldman SachsBuy$750Price Increased
04/09/12BTIGNeutral$600Downgrade
04/03/12Piper JaffrayBuy$910Price Increased
03/14/12Morgan StanleyBest Ideas$720Rating/Price Increased


Price estimates generally refer to the expected stock price one year from the estimate date.

Needham & Co. Raises AAPL Target Price to $750

Needham & Co. reiterated a Buy recommendation on AAPL and raised their target price to $750.

Dividend.com: Apple’s Price Target Boosted at Needham & Co. (AAPL)

Sunday, August 19, 2012

Updated AAPL Analyst Ratings



DateAnalyst FirmRatingPrice EstimateCondition
08/17/12JefferiesBuy$900Price Increased
08/9/12Stifel NicolausBuy$825Coverage Initiated
06/12/12Canaccord GenuityBuy$800Price Increased
05/24/12OppenheimerOutperform$680Price Decreased
05/21/12Goldman SachsConviction Buy$850Price Reiterated
05/21/12Piper JaffrayBuy$910Price Reiterated
05/18/12BMOOutperform$695Price Reiterated
05/15/12Stern AgeeBuy$780Price Increased
05/15/12Barclays CapitalBuy$750Price Reiterated
05/14/12Topeka CapitalBuy$1,111Price Reiterated
05/14/12Piper JaffrayBuy$910Price Reiterated
05/11/12Credit SuisseOutperform$750Price Increased
04/26/12Topeka CapitalBuy$1,111Price Increased
04/25/12AurigaBuy$700Price Reiterated
04/18/12Goldman SachsBuy$750Price Increased
04/09/12BTIGNeutral$600Downgrade
04/03/12Piper JaffrayBuy$910Price Increased
03/14/12Morgan StanleyBest Ideas$720Rating/Price Increased


Price estimates generally refer to the expected stock price one year from the estimate date.

Jefferies Raises Target Price to $900

Jefferies Raises Target Price on AAPL to $900 on anticipation of Ipad-Mini and iTV.

AppleInsider: Jefferies says Apple may have licensed JDSU's 'body gesture' sensors for next Apple TV

Thursday, August 9, 2012

Updated AAPL Analyst Ratings



DateAnalyst FirmRatingPrice EstimateCondition
08/9/12Stifel NicolausBuy$825Coverage Initiated
06/12/12Canaccord GenuityBuy$800Price Increased
05/24/12OppenheimerOutperform$680Price Decreased
05/21/12Goldman SachsConviction Buy$850Price Reiterated
05/21/12Piper JaffrayBuy$910Price Reiterated
05/18/12BMOOutperform$695Price Reiterated
05/15/12Stern AgeeBuy$780Price Increased
05/15/12Barclays CapitalBuy$750Price Reiterated
05/14/12Topeka CapitalBuy$1,111Price Reiterated
05/14/12Piper JaffrayBuy$910Price Reiterated
05/11/12Credit SuisseOutperform$750Price Increased
04/26/12Topeka CapitalBuy$1,111Price Increased
04/25/12AurigaBuy$700Price Reiterated
04/18/12Goldman SachsBuy$750Price Increased
04/09/12BTIGNeutral$600Downgrade
04/03/12Piper JaffrayBuy$910Price Increased
03/14/12Morgan StanleyBest Ideas$720Rating/Price Increased


Price estimates generally refer to the expected stock price one year from the estimate date.

Stifel Nicolaus issues BUY rating on AAPL with $825 target price

Stifel Nicolaus issues BUY rating on AAPL with $825 target price Reuters: Upgrades and Downgrades for August

Friday, August 3, 2012

AAPL stock split?

Bernstein Research analyst Toni Sacconaghi thinks an AAPL stock split may be coming in order to get AAPL in the Dow Industrials index.

Forbes: Apple: Stock Split Coming? And What If It Were In The Dow?

Saturday, July 28, 2012

Lower margin guidance

Lower margin guidance next quarter could point to iPad-mini roll out

Barron's: blog

Wednesday, July 25, 2012

AAPL Q3 misses revenue and earnings estimates

AAPL's revenue and earnings grew 23% and 20.7% over the Q3 of last year missing significantly higher estimates from analysts of nearly 35% profit growth. In particular Apple only sold 26 million iphones, but ipad sales reached 17 million units.

WSJ: Rare Miss for Apple as iPhone Sales Cool

Monday, July 23, 2012

Lowering Expectations

While analysts seem to be lowering expectations for the July 24 earnings call, they also seem positively giddy about the iPhone 5 and Mini-iPad. See the following link from Barrons.

Barrons: AAPL Likely to Buck Trend, Rise Next Month, Says Piper

Tuesday, June 12, 2012

Updated AAPL Price Estimates



DateAnalyst FirmRatingPrice EstimateCondition
06/12/12Canaccord GenuityBuy$800Price Increased
05/24/12OppenheimerOutperform$680Price Decreased
05/21/12Goldman SachsConviction Buy$850Price Reiterated
05/21/12Piper JaffrayBuy$910Price Reiterated
05/18/12BMOOutperform$695Price Reiterated
05/15/12Stern AgeeBuy$780Price Increased
05/15/12Barclays CapitalBuy$750Price Reiterated
05/14/12Topeka CapitalBuy$1,111Price Reiterated
05/14/12Piper JaffrayBuy$910Price Reiterated
05/11/12Credit SuisseOutperform$750Price Increased
04/26/12Topeka CapitalBuy$1,111Price Increased
04/25/12AurigaBuy$700Price Reiterated
04/18/12Goldman SachsBuy$750Price Increased
04/09/12BTIGNeutral$600Downgrade
04/03/12Piper JaffrayBuy$910Price Increased
03/14/12Morgan StanleyBest Ideas$720Rating/Price Increased


Price estimates generally refer to the expected stock price one year from the estimate date.

Canaccord Genuity Raise Price Target to $800

Based on the new products from Apple presented at the 2012 WWDC keynote, Canaccord Genuity raised their target stock price to $800 See Reuters: http://www.reuters.com/article/2012/06/12/us-apple-research-canaccord-idUSBRE85B0PQ20120612

Thursday, May 24, 2012

Updated AAPL Price Estimates



DateAnalyst FirmRatingPrice EstimateCondition
05/24/12OppenheimerOutperform$680Price Decreased
05/21/12Goldman SachsConviction Buy$850Price Reiterated
05/21/12Piper JaffrayBuy$910Price Reiterated
05/18/12BMOOutperform$695Price Reiterated
05/15/12Stern AgeeBuy$780Price Increased
05/15/12Barclays CapitalBuy$750Price Reiterated
05/14/12Topeka CapitalBuy$1,111Price Reiterated
05/14/12Piper JaffrayBuy$910Price Reiterated
05/11/12Credit SuisseOutperform$750Price Increased
04/26/12Topeka CapitalBuy$1,111Price Increased
04/25/12AurigaBuy$700Price Reiterated
04/18/12Goldman SachsBuy$750Price Increased
04/09/12BTIGNeutral$600Downgrade
04/03/12Piper JaffrayBuy$910Price Increased
03/14/12Canaccord GenuityBuy$710Price Increased
03/14/12Morgan StanleyBest Ideas$720Rating/Price Increased


Price estimates generally refer to the expected stock price one year from the estimate date.

Oppenheimer cuts AAPL target price to $680

Analysts at Oppenheimer maintained their "Outperform" rating while decreasing their target price from $700 to $680. It isn't clear the reasoning on this change. Blog: http://www.dailypolitical.com/finance/stock-market/oppenheimer-cuts-price-target-on-apple-aapl.htm

Monday, May 21, 2012

Updated AAPL Price Estimates



DateAnalyst FirmRatingPrice EstimateCondition
05/21/12Goldman SachsConviction Buy$850Price Reiterated
05/21/12Piper JaffrayBuy$910Price Reiterated
05/18/12BMOOutperform$695Price Reiterated
05/15/12Stern AgeeBuy$780Price Increased
05/15/12Barclays CapitalBuy$750Price Reiterated
05/14/12Topeka CapitalBuy$1,111Price Reiterated
05/14/12Piper JaffrayBuy$910Price Reiterated
05/11/12Credit SuisseOutperform$750Price Increased
04/26/12Topeka CapitalBuy$1,111Price Increased
04/25/12AurigaBuy$700Price Reiterated
04/18/12Goldman SachsBuy$750Price Increased
04/09/12BTIGNeutral$600Downgrade
04/03/12Piper JaffrayBuy$910Price Increased
03/14/12Canaccord GenuityBuy$710Price Increased
03/14/12Morgan StanleyBest Ideas$720Rating/Price Increased


Price estimates generally refer to the expected stock price one year from the estimate date.

Goldman Sachs reiterates $850 price target

Goldman Sachs thinks the concern over possibly reduced subsidies for the iPhone are overblown in light of the competitive environment for offering the iPhone. They reiterated a $850 price target. ValueWalk: http://www.valuewalk.com/2012/05/goldman-positive-on-apple-inc-aapl-maintains-price-target-of-850/

Sunday, May 20, 2012

Updated AAPL Price Estimates



DateAnalyst FirmRatingPrice EstimateCondition
05/18/12BMOOutperform$695Price Reiterated
05/15/12Stern AgeeBuy$780Price Increased
05/15/12Barclays CapitalBuy$750Price Reiterated
05/14/12Topeka CapitalBuy$1,111Price Reiterated
05/14/12Piper JaffrayBuy$910Price Reiterated
05/11/12Credit SuisseOutperform$750Price Increased
04/26/12Topeka CapitalBuy$1,111Price Increased
04/25/12AurigaBuy$700Price Reiterated
04/18/12Goldman SachsBuy$750Price Increased
04/09/12BTIGNeutral$600Downgrade
04/03/12Piper JaffrayBuy$910Price Increased
03/14/12Canaccord GenuityBuy$710Price Increased
03/14/12Morgan StanleyBest Ideas$720Rating/Price Increased


Price estimates generally refer to the expected stock price one year from the estimate date.

Friday, May 18, 2012

Updated AAPL Price Estimates



DateAnalyst FirmRatingPrice EstimateCondition
05/18/12BMOOutperform$695Price Reiterated
05/15/12Stern AgeeBuy$780Price Increased
05/15/12Barclays CapitalBuy$750Price Reiterated
05/14/12Topeka CapitalBuy$1,111Price Reiterated
05/14/12Piper JaffrayBuy$910Price Reiterated
05/11/12Credit SuisseOutperform$750Price Increased
04/26/12Topeka CapitalBuy$1,111Price Increased
04/18/12Goldman SachsBuy$750Price Increased
04/03/12Piper JaffrayBuy$910Price Increased
03/14/12Canaccord GenuityBuy$710Price Increased
03/14/12Morgan StanleyBest Ideas$720Rating/Price Increased


Price estimates generally refer to the expected stock price one year from the estimate date.

BMO reiterates Outperform and $695 price target

With LTE on the way for the iPhone 5, the carrier subsidy reduction seems overblown. BMO reiterates an Outperform rating and $695 price target Barrons: http://blogs.barrons.com/techtraderdaily/2012/05/18/aapl-iphone-subsidy-cuts-tricky-says-bmo/

Tuesday, May 15, 2012

Stern Agee's Shaw Wu increases $780 price target

Additionally, Shaw Wu increased his Q3 EPS estimate to $10.16, at a time when AAPL is planning to pay a $2.65 quarterly dividend, leaving plenty of room for a dividend increase.

Barron's: http://blogs.barrons.com/techtraderdaily/2012/05/15/apple-sterne-agee-cuts-iphone-numbers-ups-estimates/

Updated AAPL Price Estimates



DateAnalyst FirmRatingPrice EstimateCondition
05/15/12Stern AgeeBuy$780Price Increased
05/15/12Barclays CapitalBuy$750Price Reiterated
05/14/12Topeka CapitalBuy$1,111Price Reiterated
05/14/12Piper JaffrayBuy$910Price Reiterated
05/11/12Credit SuisseOutperform$750Price Increased
04/26/12Topeka CapitalBuy$1,111Price Increased
04/18/12Goldman SachsBuy$750Price Increased
04/03/12Piper JaffrayBuy$910Price Increased
03/14/12Canaccord GenuityBuy$710Price Increased
03/14/12Morgan StanleyBest Ideas$720Rating/Price Increased


Price estimates generally refer to the expected stock price one year from the estimate date.

Barclays Capital reiterates $750 price target

Barclays Capital's Ben Reitzes reiterated a $750 price target with the expectation of new MacBook Air models in June.

From Barrons: http://blogs.barrons.com/techtraderdaily/2012/05/15/apple-barclays-sees-800-macbook-air-7-in-ipad/?mod=yahoobarrons

Monday, May 14, 2012

Updated AAPL Analyst Price Estimates



DateAnalyst FirmRatingPrice EstimateCondition
05/14/12Topeka CapitalBuy$1,111Price Reiterated
05/14/12Piper JaffrayBuy$910Price Reiterated
05/11/12Credit SuisseOutperform$750Price Increased
04/26/12Topeka CapitalBuy$1,111Price Increased
04/03/12Piper JaffrayBuy$910Price Increased
03/14/12Canaccord GenuityBuy$710Price Increased
03/14/12Morgan StanleyBest Ideas$720Price Increased


Price estimates generally refer to the expected stock price one year from the estimate date.

Topeka Capital and Piper Jaffray's reiterated their price targe

Top AAPL Bull's, Topeka Capital's Brian White and Piper Jaffray's Gene Muster, reiterated their price target for AAPL of $1,111 and $910, respectively. Barron's: http://blogs.barrons.com/techtraderdaily/2012/05/14/apple-weak-barometer-sales-in-april-but-fyq3-still-on-track-says-topeka/

Saturday, May 12, 2012

Updated AAPL Analyst Price Estimates



DateAnalyst FirmRatingPrice Estimate
05/11/12Credit SuisseOutperform$750
04/26/12Topeka CapitalBuy$1,111
04/03/12Piper JaffrayBuy$910
03/14/12Canaccord GenuityBuy$710
03/14/12Morgan StanleyBest Ideas$720


Price estimates generally refer to the expected stock price one year from the estimate date.

Credit Suisse reiterates Outperform and $750 price target

Credit Suisse's Kulbinder Garcha reiterated an Outperform rating and $750 price target, representing a 30.66% return from AAPL's current price of $574. While cutting iPhone and earnings estimate, Garcha still sees AAPL as a very attractive investment. See the article at Barron's here.

Monday, May 7, 2012

Valuing AAPL only on cash

CNNMoney published an article linking AAPL's stock price to it's cash value. Using the numbers from the balance sheet seems striking when you realize it's strong earnings growth from it's income statement. This would seem to undervalue the stock if it's earnings growth is not being factored into it's stock price. Either the stock price will rise to add this value or growth will decrease. I think Apple's growth will continue even at rates that should give the stock some lift. See the article here: http://tech.fortune.cnn.com/2012/05/07/the-market-values-apples-earnings-growth-at-0-00/?source=yahoo_quote

Friday, May 4, 2012

China becomes the number one smartphone market

Canalys research announced today that in the first quarter the Chinese smartphone market surpassed the US market. China represents 22% of the world-wide smartphone market, while the US represents just 16% of the 145 smartphones sold. Apple's CEO announced at the Q1 conference call that sales of iPhones increased 5X from the same quarter last year. While Samsung is the number one smartphone in China, Apple comes a close second.

An interesting point in this article is that there are a plethora of Android app stores leading to a fragmentation of the app market in China. Google Play is generally installed by default on most phones.

Research Link: http://www.canalys.com/newsroom/china-overtakes-us-largest-smart-phone-market

Thursday, April 26, 2012

Topeka Capital Raises Price Target to $1,111

After Apple's blow-out earnings report for 2012Q2, Topeka Capital's Brian White raised his price target for AAPL to $1,111 from $1,001. With the stock trading at $610, that's an 82% return over the next year. See the source here at StreetInsider.com:
[http://www.streetinsider.com/Analyst+PT+Change/Topeka+Capital+Raises+Street-High+Target+on+Apple+(AAPL)+to+$1,111/7370282.html]