Sunday, May 27, 2012
Gene Munster's 10 reasons why AAPL is going to $1,000
AppleInsider published the ten reasons why AAPL is going to $1,000, including some speculative products like the 7" iPad and the AppleTV: http://www.appleinsider.com/articles/12/05/25/piper_jaffray_details_10_apple_strengths_for_share_price_run_up_to_1000___report.html
Thursday, May 24, 2012
Updated AAPL Price Estimates
Date | Analyst Firm | Rating | Price Estimate | Condition |
---|---|---|---|---|
05/24/12 | Oppenheimer | Outperform | $680 | Price Decreased |
05/21/12 | Goldman Sachs | Conviction Buy | $850 | Price Reiterated |
05/21/12 | Piper Jaffray | Buy | $910 | Price Reiterated |
05/18/12 | BMO | Outperform | $695 | Price Reiterated |
05/15/12 | Stern Agee | Buy | $780 | Price Increased |
05/15/12 | Barclays Capital | Buy | $750 | Price Reiterated |
05/14/12 | Topeka Capital | Buy | $1,111 | Price Reiterated |
05/14/12 | Piper Jaffray | Buy | $910 | Price Reiterated |
05/11/12 | Credit Suisse | Outperform | $750 | Price Increased |
04/26/12 | Topeka Capital | Buy | $1,111 | Price Increased |
04/25/12 | Auriga | Buy | $700 | Price Reiterated |
04/18/12 | Goldman Sachs | Buy | $750 | Price Increased |
04/09/12 | BTIG | Neutral | $600 | Downgrade |
04/03/12 | Piper Jaffray | Buy | $910 | Price Increased |
03/14/12 | Canaccord Genuity | Buy | $710 | Price Increased |
03/14/12 | Morgan Stanley | Best Ideas | $720 | Rating/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
Date | Analyst Firm | Rating | Price Estimate | Condition |
---|---|---|---|---|
05/21/12 | Goldman Sachs | Conviction Buy | $850 | Price Reiterated |
05/21/12 | Piper Jaffray | Buy | $910 | Price Reiterated |
05/18/12 | BMO | Outperform | $695 | Price Reiterated |
05/15/12 | Stern Agee | Buy | $780 | Price Increased |
05/15/12 | Barclays Capital | Buy | $750 | Price Reiterated |
05/14/12 | Topeka Capital | Buy | $1,111 | Price Reiterated |
05/14/12 | Piper Jaffray | Buy | $910 | Price Reiterated |
05/11/12 | Credit Suisse | Outperform | $750 | Price Increased |
04/26/12 | Topeka Capital | Buy | $1,111 | Price Increased |
04/25/12 | Auriga | Buy | $700 | Price Reiterated |
04/18/12 | Goldman Sachs | Buy | $750 | Price Increased |
04/09/12 | BTIG | Neutral | $600 | Downgrade |
04/03/12 | Piper Jaffray | Buy | $910 | Price Increased |
03/14/12 | Canaccord Genuity | Buy | $710 | Price Increased |
03/14/12 | Morgan Stanley | Best Ideas | $720 | Rating/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
Date | Analyst Firm | Rating | Price Estimate | Condition |
---|---|---|---|---|
05/18/12 | BMO | Outperform | $695 | Price Reiterated |
05/15/12 | Stern Agee | Buy | $780 | Price Increased |
05/15/12 | Barclays Capital | Buy | $750 | Price Reiterated |
05/14/12 | Topeka Capital | Buy | $1,111 | Price Reiterated |
05/14/12 | Piper Jaffray | Buy | $910 | Price Reiterated |
05/11/12 | Credit Suisse | Outperform | $750 | Price Increased |
04/26/12 | Topeka Capital | Buy | $1,111 | Price Increased |
04/25/12 | Auriga | Buy | $700 | Price Reiterated |
04/18/12 | Goldman Sachs | Buy | $750 | Price Increased |
04/09/12 | BTIG | Neutral | $600 | Downgrade |
04/03/12 | Piper Jaffray | Buy | $910 | Price Increased |
03/14/12 | Canaccord Genuity | Buy | $710 | Price Increased |
03/14/12 | Morgan Stanley | Best Ideas | $720 | Rating/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
Date | Analyst Firm | Rating | Price Estimate | Condition |
---|---|---|---|---|
05/18/12 | BMO | Outperform | $695 | Price Reiterated |
05/15/12 | Stern Agee | Buy | $780 | Price Increased |
05/15/12 | Barclays Capital | Buy | $750 | Price Reiterated |
05/14/12 | Topeka Capital | Buy | $1,111 | Price Reiterated |
05/14/12 | Piper Jaffray | Buy | $910 | Price Reiterated |
05/11/12 | Credit Suisse | Outperform | $750 | Price Increased |
04/26/12 | Topeka Capital | Buy | $1,111 | Price Increased |
04/18/12 | Goldman Sachs | Buy | $750 | Price Increased |
04/03/12 | Piper Jaffray | Buy | $910 | Price Increased |
03/14/12 | Canaccord Genuity | Buy | $710 | Price Increased |
03/14/12 | Morgan Stanley | Best Ideas | $720 | Rating/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/
Barron's: http://blogs.barrons.com/techtraderdaily/2012/05/15/apple-sterne-agee-cuts-iphone-numbers-ups-estimates/
Updated AAPL Price Estimates
Date | Analyst Firm | Rating | Price Estimate | Condition |
---|---|---|---|---|
05/15/12 | Stern Agee | Buy | $780 | Price Increased |
05/15/12 | Barclays Capital | Buy | $750 | Price Reiterated |
05/14/12 | Topeka Capital | Buy | $1,111 | Price Reiterated |
05/14/12 | Piper Jaffray | Buy | $910 | Price Reiterated |
05/11/12 | Credit Suisse | Outperform | $750 | Price Increased |
04/26/12 | Topeka Capital | Buy | $1,111 | Price Increased |
04/18/12 | Goldman Sachs | Buy | $750 | Price Increased |
04/03/12 | Piper Jaffray | Buy | $910 | Price Increased |
03/14/12 | Canaccord Genuity | Buy | $710 | Price Increased |
03/14/12 | Morgan Stanley | Best Ideas | $720 | Rating/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
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
Date | Analyst Firm | Rating | Price Estimate | Condition |
---|---|---|---|---|
05/14/12 | Topeka Capital | Buy | $1,111 | Price Reiterated |
05/14/12 | Piper Jaffray | Buy | $910 | Price Reiterated |
05/11/12 | Credit Suisse | Outperform | $750 | Price Increased |
04/26/12 | Topeka Capital | Buy | $1,111 | Price Increased |
04/03/12 | Piper Jaffray | Buy | $910 | Price Increased |
03/14/12 | Canaccord Genuity | Buy | $710 | Price Increased |
03/14/12 | Morgan Stanley | Best Ideas | $720 | Price 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
Date | Analyst Firm | Rating | Price Estimate |
---|---|---|---|
05/11/12 | Credit Suisse | Outperform | $750 |
04/26/12 | Topeka Capital | Buy | $1,111 |
04/03/12 | Piper Jaffray | Buy | $910 |
03/14/12 | Canaccord Genuity | Buy | $710 |
03/14/12 | Morgan Stanley | Best 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
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
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