How The Sell-Side Sentiment On Apple Has Changed Since The Q4 Print

Apple, Inc. AAPL's stock is down 20 percent in a little over a month since it reported disappointing fiscal Q4 numbers back on Nov. 1. In that time, a long list of Wall Street analysts have updated their ratings and price targets for the struggling company.

Here’s a timeline of all the major adjustments analysts have made to their Apple outlooks since the company reported earnings.

  • Nov. 2: Bank of America analyst Wamsi Mohan downgrades from Buy to Neutral, lowers price target from $235 to $220.
  • Nov. 2: BMO Capital analyst Tim Long maintains Market Perform rating, lowers price target from $219 to $213.
  • Nov. 2: Citigroup analyst Suva Jim maintains Buy rating, lowers price target from $265 to $240.
  • Nov. 2: Nomura analyst Jeff Kvaal maintains Neutral rating, lowers price target from $215 to $185.
  • Nov. 2: JP Morgan maintains Overweight rating, lowers price target from $272 to $270.
  • Nov. 2: Baird analyst William Power maintains Outperform rating, lowers price target from $235 to $230.
  • Nov. 5: Rosenblatt Securities' Jun Zhang downgrades from Buy to Neutral, maintains $200 price target.
  • Nov. 5: Wedbush Securities' Daniel Ives maintains Outperform rating, maintains $310 price target.
  • Nov. 8: Morgan Stanley analyst Huberty Katy maintains Overweight rating, raises price target from $226 to $253.
  • Nov. 12: Longbow Research analyst Shawn Harrison maintains a Neutral rating.
  • Nov. 14: Guggenheim Partners' Robert Cihra downgrades from Buy to Neutral, removes $245 price target.
  • Nov. 14: UBS analyst Milunovich Steven maintains Buy rating, lowers price target from $240 to $225.
  • Nov. 15: Morgan Stanley's Katy Huberty maintains Overweight rating, maintains $253 price target.
  • Nov. 20: Goldman Sachs analyst Rod Hall reiterates Neutral rating, lowers price target from $209 to $182.
  • Nov. 20: Bank of America analyst Wamsi Mohan maintains Neutral rating, maintains $220 price target.
  • Nov. 21: Rosenblatt Securities analyst Jun Zhang reiterates Neutral rating, maintains $200 price target.
  • Nov. 27: Wedbush's Daniel Ives maintains Outperform rating, maintains $310 price target.
  • Nov. 27: Bank of America analyst Wamsi Mohan maintains Neutral rating, maintains $220 price target.
  • Nov. 28: Wedbush's Daniel Ives maintains Outperform rating, lowers price target from $310 to $275.
  • Nov. 28: Canaccord Genuity analyst Michael Walkley maintains Buy rating, lowers price target from $250 to $225.
  • Nov. 30: Wells Fargo analyst Aaron Rakers reiterates Market Perform rating and $210 price target.
  • Dec. 4: HSBC analyst Erwan Rambourg downgrades from Buy to Hold, lowers price target from $205 to $200.
  • Dec. 6: Rosenblatt Securities' Jun Zhang maintains Neutral rating, lowers price target from $200 to $165.
  • Dec. 7: Morgan Stanley analyst Huberty Katy maintains Overweight rating, lowers price target from $253 to $236.

At time of publication, Apple's stock traded around $171 per share.

Related Links:

How Google Is Driving Apple Services Revenue Growth

Reading Between The Lines Of Apple's Decision To Go Silent On iPhone Unit Sales

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
▲▼
ticker
▲▼
name
▲▼
Price Target
▲▼
Upside/Downside
▲▼
Recommendation
▲▼
Firm
▲▼
Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!