Evercore raises Apple price target to $115, predicts sales of 58M iPhones in December quarter

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  • Reply 21 of 47

    Because Apple is held to completely different standards by the financial sector. Just about everything good one hears about Apple is discounted by Wall Street. But if Bilderbergers Bezos or Schmidt fart, it's BUY, BUY, BUY!!!

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  • Reply 22 of 47
    Quote:

    Originally Posted by RegurgitatedCoprolite View Post

     

    Because Apple is held to completely different standards by the financial sector. Just about everything good one hears about Apple is discounted by Wall Street. But if Bilderbergers Bezos or Schmidt fart, it's BUY, BUY, BUY!!!


    But the price target increases are being done by Wall Street.  So Wall Street discounts Wall Street?

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  • Reply 23 of 47
    radarthekatradarthekat Posts: 3,943moderator
    Quote:

    Originally Posted by SpamSandwich View Post



    Introducing the all new Apple iWatch...



    up-up-and-away-the-history-of-superheroes-on-television8.jpg

     

    I can't wait for Apple to introduce their golden lasso of iTruth.  It forces fandroids to fess up about their myth of market share. 

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  • Reply 24 of 47
    Quote:

    Originally Posted by GregInPrague View Post

     

    But the price target increases are being done by Wall Street.  So Wall Street discounts Wall Street?


     

    Definitely confusing.

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  • Reply 25 of 47
    mj webmj web Posts: 918member

    ....

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  • Reply 26 of 47
    I did a spit take when I saw an [I]active verb[/I] in an AppleInsider headline, together with the subject: "Evercore raises..."

    This is not the usual passive verb + hidden subject + predicate first headlines like "Apple shares expected to..." Or "Apple seen as..." ;)
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  • Reply 27 of 47
    mj webmj web Posts: 918member
    Quote:

    Originally Posted by Rogifan View Post



    I keep seeing these raised price targets yet the stock is stuck at $90-$93. Are we just stuck there until September when new phones are announced?

    September is only 2 months away. Incremental inching up until Fall product cycle and then the proverbial "buy the rumor sell the news" selloff -- then comes the Xmas rally where AAPL goes to new highs.

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  • Reply 28 of 47
    bobschlobbobschlob Posts: 1,074member
    Quote:

    Originally Posted by TheWhiteFalcon View Post

     
    Quote:
    Originally Posted by Rogifan View Post



    I keep seeing these raised price targets yet the stock is stuck at $90-$93. Are we just stuck there until September when new phones are announced?



    Only if Wall Street deems the new phone to be acceptable. And if there's a new wearable.

     

    Personally, it's shameful there aren't more iPads selling. People are idiots for buying that cheap Android garbage. I've yet to meet someone who's truly happy with an Android tablet; unless they're shilling for Samdung. Only a Surface tablet is an acceptable alternative, IMO.


    Honestly, I've never seen an Android tablet in the wild (NYC). I'm sure they're there; I just haven't seen one.

    I see a fair number of Android phones, but not tablets.

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  • Reply 29 of 47
    bobschlobbobschlob Posts: 1,074member
    Quote:

    Originally Posted by Rogifan View Post

     
    Quote:

    Originally Posted by cws View Post



    What all these price targets don't seem to take into account is that the value of Apple stock is not just affected by the company's performance, but also by larger market trends. The S&P 500 and Dow are at all time highs, having risen more than 35% in the past 18 months. The average PE ratio of publicly traded stocks is pushing 20, way above historical averages, and hardly justifiable by any reasonable forecast of economic growth. What this means is that we are due for a significant correction in the price of equities, and when this correction comes, it will take Apple's stock price down with it. With the Middle East and Ukraine spiraling into total chaos, I'm surprised that the markets haven't panicked yet. For those eager to profit on Apple stock, I'd advise against going all in at this time. Keep some of your cash in reserve to buy in after the panic.


    Stock market is a joke right now. What supports the markets being at all time highs? Certainly not the economy or geo political events.

    Uhh… Corporate (you know; the thing people are actually investing in) profits?

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  • Reply 30 of 47
    apple ][ wrote: »
    I attended a conference this past weekend, and each person on either side of me had some sort of Sumsang faux-iPad device. I had my iPad "3". We were all looking at an 80+page PDF, and I was amazed how glitchy and laggy those Sumsang Andwoid devices were, while I was able to scroll and flick the document with ease on my iPad 3. Both persons had to constantly repeat gestures to get their faux iPads to respond. I wanted to ask them why in the world they chose those devices when clearly an iPad is far superior. 

    What kind of conference was that?, because I hardly ever see any Android tablets in the wild. I am however not the least bit surprised by the glitchiness and lagginess that you describe on those garbage tablets. I believe that it is a combination of people being cheap and ignorant.

    I've mentioned this before, but last time I took a flight, I'd say that 90-95% of all tablet devices that I saw were iPads. If I were in a room and the majority of tablets that I saw were Android, then I would definitely have to leave that room, as I would instantly know that I'm hanging with a bad crowd, and there is nothing to be gained from those kind of people.

    "If you are the smartest person in the room — you're in the wrong room."
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  • Reply 31 of 47
    stargazerctstargazerct Posts: 227member
    Quote:

    Originally Posted by TheWhiteFalcon View Post

     



    Only if Wall Street deems the new phone to be acceptable. And if there's a new wearable.

     

    Personally, it's shameful there aren't more iPads selling. People are idiots for buying that cheap Android garbage. I've yet to meet someone who's truly happy with an Android tablet; unless they're shilling for Samdung. Only a Surface tablet is an acceptable alternative, IMO.


    the funny thing is that I have yet to see one tablet in the wild outside of an iPad or occasional Kindle. I guess Sammy is not in favor where I roam.

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  • Reply 32 of 47
    mstonemstone Posts: 11,510member
    Quote:
    Originally Posted by SolipsismX View Post

     
    Quote:
    Originally Posted by RegurgitatedCoprolite View Post



    I wanted to ask them why in the world they chose those devices when clearly an iPad is far superior.




    In my experience, the answers seem to range from someone looking only at raw HW numbers but not understanding what performance is for a system, to price concerns, to being told by some friend or family member that Apple is just "trendy" and they all do the same thing.

    I was in the bank this morning. They have completely remodeled everything since I was in there last year. I used to just walk over to the bank officer area and someone would help me. Now you have to have an appointment. So the guy walks over with his Android tablet which had a card reader on it. He fumbled around for a minute or two to try to get the thing ready to scan. I could tell by his facial expression he was struggling. Finally it worked. Why would BoA choose Android? Can't be because price. They just spent a couple $million remodeling the place, IT decision?

     

    I hope AppleII doesn't have an account at BoA. He'll have cancel it.

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  • Reply 33 of 47
    eric38eric38 Posts: 100member
    Does anybody actually believe Apple will only sell 5 million more iPhones this Holiday quarter compared to 2013. These analysts are bonkers. I wouldn't be surprised a bit if they sold 80 million in the three months and one week after release. It's a given Apple will release the phone 1 week before their 4th quarter ends, so the 1st quarter number will be lower by 15 million. In that sense, the 58 million isn't as bad as it looks. Just one year ago, every analyst had targets in the $400's. What has changed...besides the share price? There has been no huge surprises. Sure, they beat last quarter, but did that beat warrant the run-up the last 3 months.
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  • Reply 34 of 47
    froodfrood Posts: 771member
    Quote:

    Originally Posted by RadarTheKat View Post

     

     

    The interesting bit is that both investors and analysts refer back to the wrong number when they speak of the previous high water mark in the company's valuation.  They keep talking about $705, when this no longer representative of the previous high.  Here's why:

     


     

    Investors and analysts don't for the most part care about the 'previous high' market cap.  They care about (and are talking about) what the individual high water mark for what the 'pieces of paper' are worth.  If you had bought one share back in the day when it was at $705, and the shares were to hit $101 next week, it would have taken you a while, but you would have made a positive return on your investment- even though both 101 is indeed less than 705 and despite the fact that Apple as a company would be worth considerably less than it was at the $705 point.  So while what you are saying happens to be true, your statement that analysts are wrong is not.

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  • Reply 35 of 47
    froodfrood Posts: 771member
    Quote:

    Originally Posted by Macky the Macky View Post





    "If you are the smartest person in the room — you're in the wrong room."

     

    Unless you're at a poker table.

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  • Reply 36 of 47
    froodfrood Posts: 771member
    Quote:

    Originally Posted by Rogifan View Post



    I keep seeing these raised price targets yet the stock is stuck at $90-$93. Are we just stuck there until September when new phones are announced?

     

    It usually works the other way.  Share price starts to go up based purely on expectations, not existing financials.  Apple fans view this as them being 'proven' right and call analysts idiots for having valuations below the hype-driven price.   Wall Street's financial valuations go out the window and they raise estimates, based on speculation rather than performance, which drives share price even higher.  Phone is released and has record sales, but not as high as the expectations were wildly driven.  Share price drops.  Apple fans go crazy citing market manipulation because Apples share price plumets despite record sales and bemoan analysts now for exactly the opposite- having driven expectations too high for Apple to meet (and yet usually in the same breath they will continue to insist that Apple should be valued way higher).

     

    Made a nice return on the 'iPhone 5 then dive' strategy, was hoping to do a '6 then nix' this time around but the institutions haven't gone for it.  And that is the primary reason the price remains stuck, the analysts are giving higher estimates, but the institutions aren't buying it (literally).  Even so, I think we're just at the start of the buzz cycle for Apple and it should go up nicely between now and September.  If the institutions do lay in now, just as the buzz is ramping up, it should start the frenzy of "Apple share price is going up because people are buying because the share price is going up." I think the 6 will be an enormous success, but am not going to get greedy.  I'll sell before the financials are posted... and will be nothing but happy for remaining investors if I'm wrong and Apple shares continue to soar.

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  • Reply 37 of 47
    frood wrote: »
    [SIZE=16px]"If you are the smartest person in the room — you're in the wrong room."[/SIZE]

    Unless you're at a poker table.

    Point taken! But wouldn't that also mean knowing when to leave the room...?
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  • Reply 38 of 47
    froodfrood Posts: 771member
    Quote:

    Originally Posted by Macky the Macky View Post





    Point taken! But wouldn't that also mean knowing when to leave the room...?

     

    haha absolutely! =)

     

    With that said I just saw the latest Geico commercial with Kenny Rogers in it a few minutes ago.  Pretty funny.

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  • Reply 39 of 47
    benjamin frostbenjamin frost Posts: 7,203member
    apple ][ wrote: »
    I attended a conference this past weekend, and each person on either side of me had some sort of Sumsang faux-iPad device. I had my iPad "3". We were all looking at an 80+page PDF, and I was amazed how glitchy and laggy those Sumsang Andwoid devices were, while I was able to scroll and flick the document with ease on my iPad 3. Both persons had to constantly repeat gestures to get their faux iPads to respond. I wanted to ask them why in the world they chose those devices when clearly an iPad is far superior. 

    What kind of conference was that?, because I hardly ever see any Android tablets in the wild. I am however not the least bit surprised by the glitchiness and lagginess that you describe on those garbage tablets. I believe that it is a combination of people being cheap and ignorant.

    I've mentioned this before, but last time I took a flight, I'd say that 90-95% of all tablet devices that I saw were iPads. If I were in a room and the majority of tablets that I saw were Android, then I would definitely have to leave that room, as I would instantly know that I'm hanging with a bad crowd, and there is nothing to be gained from those kind of people.

    "If you are the smartest person in the room — you're in the wrong room."

    Guess I'm always in the wrong room, then.
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  • Reply 40 of 47
    singularitysingularity Posts: 1,328member
    apple ][ wrote: »
    I attended a conference this past weekend, and each person on either side of me had some sort of Sumsang faux-iPad device. I had my iPad "3". We were all looking at an 80+page PDF, and I was amazed how glitchy and laggy those Sumsang Andwoid devices were, while I was able to scroll and flick the document with ease on my iPad 3. Both persons had to constantly repeat gestures to get their faux iPads to respond. I wanted to ask them why in the world they chose those devices when clearly an iPad is far superior. 

    What kind of conference was that?, because I hardly ever see any Android tablets in the wild. I am however not the least bit surprised by the glitchiness and lagginess that you describe on those garbage tablets. I believe that it is a combination of people being cheap and ignorant.

    I've mentioned this before, but last time I took a flight, I'd say that 90-95% of all tablet devices that I saw were iPads. If I were in a room and the majority of tablets that I saw were Android, then I would definitely have to leave that room, as I would instantly know that I'm hanging with a bad crowd, and there is nothing to be gained from those kind of people.

    "If you are the smartest person in the room — you're in the wrong room."

    Guess I'm always in the wrong room, then.
    Nah you're just on your own :p
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