or Connect
AppleInsider › Forums › Investors › AAPL Investors › Jefferies changes tune on Apple, upgrades to 'buy' with price target of $600
New Posts  All Forums:Forum Nav:

Jefferies changes tune on Apple, upgrades to 'buy' with price target of $600

post #1 of 36
Thread Starter 
Investment firm Jefferies, which slashed its price target for Apple stock in March after incorrectly expecting a television set from the company in 2012, is once again bullish on the iPhone maker, and on Monday advised investors to buy.

Misek
Jefferies analyst Peter Misek appearing on CNBC in 2012.


Analyst Peter Misek has issued a new price target of $600 for shares of AAPL, according to the Associated Press. His rating for the company was also upgraded from "hold" to "buy."

Misek said he is more positive on Apple's outlook after speaking with suppliers, who have reportedly become more lenient in their component pricing.

The analyst similarly cited supply chain checks in March, when he slashed his Apple price target to $420, down from $500. At the time he joined a wave of analysts who became pessimistic about Apple's prospects following 2012's launch of the iPhone 5.

Misek also came under fire in February of this year when he cited "channel checks" that allegedly indicated Apple was planning a product event in March related to the Apple TV set-top box. But reliable Apple commentator Jim Dalrymple of The Loop quickly refuted those claims, and no such event was held.

The same analyst claimed in March of 2012 that Apple was gearing up to start production of a full-fledged television set in May or June of that year, in preparation for a product launch in late 2012. That prediction also proved inaccurate.

And in late 2011, Misek said he expected Apple to launch a television with TFT-LCD panels from Sharp in mid-2012 ??another forecast that missed the mark.

Misek still remains in the rumor game, however, as he said on Monday he expects Apple's next-generation handset, which he referred to as the "iPhone 6," will sport a larger 4.8-inch display. He made that same prediction this February.

Apple switched its flagship handsets to a 4-inch display starting last year with the iPhone 5, up from the 3.5-inch screen that was featured on previous models.
post #2 of 36
Best to buy before the rest start seeing the light ...
post #3 of 36
Ya missed noting this quote from him:
"...despite still seeing risk to CQ4 and FY13 revs, we now believe better GMs will allow Apple to skate by until iPhone 6 launches with its 4.8″ screen.”
melior diabolus quem scies
Reply
melior diabolus quem scies
Reply
post #4 of 36
Idiot. Putz. Shmuck. And that's just what his parents call him.

Proud AAPL stock owner.

 

GOA

Reply

Proud AAPL stock owner.

 

GOA

Reply
post #5 of 36

Idiot 

 

He is all over the map.  Confounds how someone so stupid can maintain employment advising others 

Windows survivor - after a long, epic and painful struggle. Very long AAPL

Reply

Windows survivor - after a long, epic and painful struggle. Very long AAPL

Reply
post #6 of 36
Quote:
Originally Posted by reydn View Post

Best to buy before the rest start seeing the light ...

There's a lot of analysts now projecting higher stock prices for Apple. Cramer joined in as did Cowen & Co.’s Tim Arcuri and Evercore Partners‘s Patrick Wang
melior diabolus quem scies
Reply
melior diabolus quem scies
Reply
post #7 of 36
Who cares. It's same as getting stock advice from next man in the street. With latter you might even struck something. 1smile.gif
post #8 of 36
Why do the analysts keep pushing for an oversized phone? To meet their oversized egos?
post #9 of 36

Misek price target the last 12 months:

 

$900 then

$405 then

$600

 

Really? 

Apple Purchases last 12 months - iPhone 5S (two), iPhone 6, iPhone 6+ (two), iPadAir, iPadAir2, iPadMini2, AppleTV (two), MacMini, Airport Extreme, iPod Classic.
Reply
Apple Purchases last 12 months - iPhone 5S (two), iPhone 6, iPhone 6+ (two), iPadAir, iPadAir2, iPadMini2, AppleTV (two), MacMini, Airport Extreme, iPod Classic.
Reply
post #10 of 36
Quote:
Originally Posted by Gatorguy View Post

There's a lot of analysts now projecting higher stock prices for Apple. Cramer joined in as did Cowen & Co.’s Tim Arcuri and Evercore Partners‘s Patrick Wang
They all probably started buying last week. They'll also have a nice bonus from the firm in time for Christmas, in addition to their stock earnings - maybe I should have been an analyst ...
post #11 of 36

It would be better to flip a coin for your investment decisions rather than follow the advice of this idiot.  

post #12 of 36

We could see a huge run up the next 6 months:

 

new iPads

Strong Sept Earnings

China Mobile

Strong Dec Earnings

Dividend increase

Buyback increase or acceleration

New Product

Apple Purchases last 12 months - iPhone 5S (two), iPhone 6, iPhone 6+ (two), iPadAir, iPadAir2, iPadMini2, AppleTV (two), MacMini, Airport Extreme, iPod Classic.
Reply
Apple Purchases last 12 months - iPhone 5S (two), iPhone 6, iPhone 6+ (two), iPadAir, iPadAir2, iPadMini2, AppleTV (two), MacMini, Airport Extreme, iPod Classic.
Reply
post #13 of 36
Quote:
Originally Posted by poksi View Post

Who cares. It's same as getting stock advice from next man in the street. With latter you might even struck something. 1smile.gif
The thing to watch is what they do personally with their own investments ... Because they'll manipulate the market to favor those holdings.
post #14 of 36

iPanel? Seriously? Why, because it starts with a 'P' like the other 3 iDevices?

 

Sorry, try again. That name is so ridiculous how can anyone say or type it without shaking their head and laughing?

You talkin' to me?
Reply
You talkin' to me?
Reply
post #15 of 36
I swear these analysts just pick a recommendation out of a hat and then form an opinion.
post #16 of 36
Yes, several analysts are raising estimates. The strange thing is several analysts say Apple will prove it is innovative again by developing a television and/or watch.

It is like the analysts cannot see beyond their constant failures about a television and watch. Why is it so important that Apple create a television or watch? And why are those two categories the only ways Apple can prove it is innovative "again"?

Over the weekend the USA Today published an article with an analyst stating the 64-bit microprocessor showed Apple's innovativeness and he felt Apple had something big for the future. High praise coming from an analyst. Then the analyst flips in the opposite direction to say Apple's innovativeness was slowing because if Steve was still alive, Apple would have created two new product categories by now

I had to start from the top of the article again to confirm I had read and understood the analyst's quotes. Oh well.
post #17 of 36
Quote:
Originally Posted by jungmark View Post

I swear these analysts just pick a recommendation out of a hat and then form an opinion.

 


Some say its not their hat but that is close enough.
post #18 of 36
Quote:
Originally Posted by smiffy31 View Post

Quote:
Originally Posted by jungmark View Post

I swear these analysts just pick a recommendation out of a hat and then form an opinion.

 


Some say its not their hat but that is close enough.

So true. Ok, they pull recommendations out of a hat and pull numbers from the other place.
post #19 of 36
To err is human, to forgive, divine 1smile.gif
post #20 of 36

Of course they're all getting bullish at the same time.  They want to collectively capitalize on the upswing after collectively pushing down the stock.  What a racket! 

post #21 of 36

Groan.

 

Why do people give a s*** about this guy. He's an embarrassment to an already embarrassing profession.

post #22 of 36

This guys is full of it. I hope that he reads his own analysis one day. What an idiot to change the tune every other week. I wonder who his clients are.

post #23 of 36

Look at his face, just look at it.

post #24 of 36
Quote:
Originally Posted by sog35 View Post

Misek price target the last 12 months:

$900 then
$405 then
$600

Really? 

My favorite is that just a few weeks ago, the share price was $490 and Misek had a $405 target. Yet his recommendation was 'hold'. Why in the world would anyone hold a stock which was expected to lose 17% of its value?
"I'm way over my head when it comes to technical issues like this"
Gatorguy 5/31/13
Reply
"I'm way over my head when it comes to technical issues like this"
Gatorguy 5/31/13
Reply
post #25 of 36

If he just keeps saying there's going to be a new TV soon, he'll eventually be right. Then he can say I told you so! /sarcasm

Mac Mini (Mid 2011) 2.5 GHz Core i5

120 GB SSD/500 GB HD/8 GB RAM

AMD Radeon HD 6630M 256 MB

Reply

Mac Mini (Mid 2011) 2.5 GHz Core i5

120 GB SSD/500 GB HD/8 GB RAM

AMD Radeon HD 6630M 256 MB

Reply
post #26 of 36
Quote:
Originally Posted by pedromartins View Post

Look at his face, just look at it.

Not really fair, but still the best comment of the day.

Proud AAPL stock owner.

 

GOA

Reply

Proud AAPL stock owner.

 

GOA

Reply
post #27 of 36
Quote:
Originally Posted by sog35 View Post
 

Misek price target the last 12 months:

 

$900 then

$405 then

$600

 

Really? 

 

In otherwords, right about where it should have been all along.

 

Quote:
Originally Posted by leavingthebigG View Post

Yes, several analysts are raising estimates. The strange thing is several analysts say Apple will prove it is innovative again by developing a television and/or watch.

It is like the analysts cannot see beyond their constant failures about a television and watch. Why is it so important that Apple create a television or watch? And why are those two categories the only ways Apple can prove it is innovative "again"?

Over the weekend the USA Today published an article with an analyst stating the 64-bit microprocessor showed Apple's innovativeness and he felt Apple had something big for the future. High praise coming from an analyst. Then the analyst flips in the opposite direction to say Apple's innovativeness was slowing because if Steve was still alive, Apple would have created two new product categories by now

I had to start from the top of the article again to confirm I had read and understood the analyst's quotes. Oh well.

Because if these people were technologists, we wouldn't know their names, and they would be failures. They can only see what people tell them they should see. In other words, everyone is saying a TV is next (Steve finally cracked it, remember?) and a SmartWatch.

 

Plus, Apple has a proven track record of taking existing products (MP3 Player, Smartphone, Tablet computer) and making the entire market something people care about.

 

Without Apple, I believe we would:

:) All be using some form of physical disc for music still, perhaps DVD-Audio and smaller discs

:) Smartphones would not have the penetration rates they do today, and they would all have physical keyboards and plastic styluses

:) Tablet computers would still be a niche market touted by Bill Gates

 

Apple didn't do these things first, they did them in a way that made sense, though only after we saw them. So, what better way to "predict" what Apple will do this to next?

 

For those that focus on the specifics of the technology, you notice they always claim that Apple isn't "innovative" or that someone else did it first.

 

​Fine, I can often concede that point. Where Apple innovates is taking something and making it "just work" without thought.

 

As an example, there is an article this morning on MacWorld. About a "FaceTime only" device question. The author tells a quick story of giving an iPad filled with one book, and uncluttered (apps hidden on later pages) to a 100 year old relative. From the article, the most telling way I could explain how Apple innovates.

 

Quote:

“Here Lew, I found a book I think you’ll like. Try reading it.”

With that he read down the first page and—exactly as Apple planned it—he swiped to the left to “turn the page.”

I didn’t see the iPad for the next three hours.

 

Source Article

post #28 of 36

I say again, the existential conundrum that is the equity analyst: If these jokers are so good at calling stock prices, why are they trumpeting their predictions instead of just keeping it to themselves and become gazillionaires by making a killing in the stock market?  The existence of the profession defies logic.  Unless what they really are providing is entertainment not expert knowledge.  Well, they do get referred to as clowns and bozos.

post #29 of 36
Quote:
Originally Posted by pedromartins View Post

Look at his face, just look at it.

I wonder if he plays the banjo.
post #30 of 36

Who would M Bi.ch Lee would now call on Fast Money?   This Loser turned bullish!

post #31 of 36
Quote:
Originally Posted by jungmark View Post

I swear these analysts just pick a recommendation out of a hat and then form an opinion.

No, I believe it is from the other end. ;)

post #32 of 36
"allow Apple to skate by until iPhone 6 launches with its 4.8″ screen.”

'Skate By'

What a fuc**** dumb man. I can't imagine why anyone would hire Jefferies to manage their money

Windows survivor - after a long, epic and painful struggle. Very long AAPL

Reply

Windows survivor - after a long, epic and painful struggle. Very long AAPL

Reply
post #33 of 36
Quote:
Originally Posted by rob53 View Post

Why do the analysts keep pushing for an oversized phone? To meet their oversized egos?
It's mostly because Samsung and LG and HTC sell oversized phones. So there must be a market there, and therefore Apple should chase that market, regardless of whether their users want a larger screen or not. (Some of them do, a number of tech pundits have complained that the iPhone screen is still too small.) Also, with not consideration what a larger screen built to Apple's standard might do to the price.

Meanwhile, Apple continues to sell more of it's one size phone than Samsung sells of its larger phones. (Luckily, Samsung has a variety of sizes and feature sets to help make up the shortfall.)
post #34 of 36
Quote:
Originally Posted by jungmark View Post


So true. Ok, they pull recommendations out of a hat and pull numbers from the other place.

 

 

Its the same place.  It just so happens they keep their hat in the place they normally have their head stuck.

post #35 of 36
Quote:
Originally Posted by Anome View Post

It's mostly because Samsung and LG and HTC sell oversized phones. So there must be a market there, and therefore Apple should chase that market, regardless of whether their users want a larger screen or not. (Some of them do, a number of tech pundits have complained that the iPhone screen is still too small.) Also, with not consideration what a larger screen built to Apple's standard might do to the price.

It shouldn't change the price, at least if you believe the idiots who have jobs as analysts. They say that Apple can make a product with a much larger screen, maintain the existing quality, lower the price dramatically, and still maintain their current margins. /s
"I'm way over my head when it comes to technical issues like this"
Gatorguy 5/31/13
Reply
"I'm way over my head when it comes to technical issues like this"
Gatorguy 5/31/13
Reply
post #36 of 36
Just looks like more stock churning to me. Steady prices aren't where the Wall Street profits are. Making them swing wildly makes them a lot of money.
When in doubt read the instructions.
Reply
When in doubt read the instructions.
Reply
New Posts  All Forums:Forum Nav:
  Return Home
  Back to Forum: AAPL Investors
AppleInsider › Forums › Investors › AAPL Investors › Jefferies changes tune on Apple, upgrades to 'buy' with price target of $600