Posts At Eventide AAPL Price Target: $590 Per Share
Notice how closely AMZN and NFLX are to consensus target prices versus Apple. Again, in these two equities retail sentiment is a big factor.
Which makes my point that AMZN and NFLX price targets are nearly realized—where is the additional upside that makes it worth holding these stocks for a year? Not to mention the fact that the rarefied P/E ratios have more downside than upside.
although I love amazon as a company.. you have to be very careful with purchasing/trading it..
Apple is the single best investment that I see for the rest of this year and 2013. Granted I don’t know much.. but it IS what I see.
Patience and fortitude will be rewarded.
Does this make you feel any better, owning a stock with a coiled spring?
Jeff updated the coiled spring graphic from my recent post titled AAPL: The Coiled Spring.
Apple closed today at $343.26. Reaching my 12-month price target of $590 per share would represent about a 72% gain from today’s closing price and below the anticipated eps growth rates in the June and September quarters.
Believe me know?
Mr. Robert- Many times I have reread your article when discouraged w/AAPL’s price action last several months. Thanx for helping me “hang in there,” along w/ all the rest of the extraordinary talent here.