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Thursday
Nov082012

Apple (AAPL) Now Well Below Consensus Price Target

The current consensus price target of the 60+ analysts that cover Apple (AAPL) is $763/share.  With Apple currently trading below $550, the spread between the stock's actual price and its price target currently stands at -28.15%.  Below is a historical chart of this spread going back to 2005.  As shown, when the spread has gotten down to -30% or so over the past couple of years, the stock has bounced.  Back in late 2008 and early 2009 during the financial crisis, however, the spread did get below 50%.