You might remember our coverage of Apple Inc. (NASDAQ:AAPL) analysts' target prices in comparison with the stock's actual market performance last year. If you've followed the tech scene over the last six months, then you must know what a disastrous strategy it has been to "trade the ratings" with Apple.
We discussed how the widest gap between the mean target price per analyst consensus and actual stock price was at 44% for Apple Inc. (NASDAQ:AAPL), which was more than the gap for technology giants like Microsoft Corporation (NASDAQ:MSFT) or Google Inc (NASDAQ:GOOG), for example. Well, things haven’t changed much since then and, in spite of a weaker undertone, Apple is still one of the most widely covered stocks on Wall Street, who are still giving exuberant target prices for the company.With targets between $360 and $888, the average target price comes to $591.19, which is still about 40% higher than its present market price. To get more details about Apple Inc., please visit the website of Insider Monkey.
