Wall Street's Reaction To Apple's Event (In 2 Graphs)

Stockal, a firm that analyzes social and analyst sentiment, recently shared two charts that illustrate how Wall Street reacted to the Apple Inc. AAPL event.

The Confidence Meter and Sentiment Index are proprietary parameters of Stockal which measure the aggregated opinion of over 200 Wall Street analysts and social media buzz.

Sentiment Around The Apple Event

The data presented below ranges from August 1 to September 8, after the event had taken place. Fifteen analysts updated their views on Apple’s stock in the two days that followed the event.

Related Link: iPhone 7 Pre-Orders Are Off To A Historic Start

Over this period, the confidence meter dropped from 88 to 72, with the average price target down from $122 to $117.

Nonetheless, sentiment has been quite volatile. Stockal analysts saw a decline in sentiment between August 18 and August 23, followed by a recuperation a few days before the event. After the event, sentiment began to fall yet again.