Apple Shares Reach New High Point Following Record-Breaking Quarter

[MacRumors]

After opening Friday morning, shares of Apple stock briefly grazed the $120 per share mark, setting a new record high for the company in the market (via AppleInsider). AAPL is currently trading around the $119 mark as of writing, giving the iPhone maker a nearly $700 billion market cap.

Apple announced its earnings for the first fiscal quarter of 2015 on Tuesday, reporting $74.6 billion revenue and 74.5 million iPhones sold on the strength of the iPhone 6 and iPhone 6 Plus. Apple shares previously almost hit today's record high, with a $119.75 price per share, in November of 2014, but regressed down to around $110 in the weeks since.

Many analysts remain bullish on Apple's stock, predicting that the company's shares are undervalued and could trade for up to $130 or higher within the next year. With the immense popularity of the iPhone 6 and 6 Plus only growing, and the confirmation of the Apple Watch's launch this April, such predictions may not be far off.

Article Link: Apple Shares Reach New High Point Following Record-Breaking Quarter

 

[DeadSeaMac]

And it's still undervalued even after the split.

Oh wait...the iWatch is going to be a bust....

Sell now!

 

[spyguy10709]

And with a price/earnings ratio of 16, AAPL still has headroom to grow

 

[IJ Reilly]

The consensus one-year target is $129, just 9% above today. So this is not a signal that analysts as a whole think the shares are "undervalued." It is in fact a rather modest projection of future growth. Also, for every analyst who believes the stock will "trade for up to $130 or higher within the next year," another believes it will be less, this being the definition of averages.

 

[doelcm82]

Yessss!

I had an order to sell 350 shares at 120, and it executed.

 

[Cayden]

I think it'll keep going up. After the Q1 release and the Apple Watch, 12" MacBook Air, and iPad Pro hopefully all coming out in Q2, it will skyrocket

 

[thmshale]

The consensus one-year target is $129, just 9% above today. So this is not a signal that analysts as a whole think the shares are "undervalued." It is in fact a rather modest projection of future growth. Also, for every analyst who believes the stock will "trade for up to $130 or higher within the next year," another believes it will be less, this being the definition of averages.

Actually, that's the definition of median. If 100 analysts predict the price will go up by $1 and 1 analyst thinks the price will go down by $100, then the average prediction would be zero price change but there's not a 1:1 ratio of analysts who predict up vs analysts who predict down.

 

[IJ Reilly]

Actually, that's the definition of median. If 100 analysts predict the price will go up by $1 and 1 analyst thinks the price will go down by $100, then the average prediction would be zero price change but there's not a 1:1 ratio of analysts who predict up vs analysts who predict down.

What is typically called an average is statistically known as an arithmetic mean. A median is the number where an equal number of data points are above as below. In a normal distribution the mean and median will be the same, I believe. Anyway, if the arithmetic mean of analysts predictions for AAPL's one year performance is 129, then some will have forecasted above and some will be below it. Whether the number above and below the mean are exactly the same is kind of not the point.

 

[psac]

Yessss!

I had an order to sell 350 shares at 120, and it executed.

Did you buy at 119.99?

I'm just glad my pre-split 700s (right below the top back then) that I held are now looking good after going through that down period of looking so bad. I also bought and sold more below that number though.

 

[doelcm82]

Did you buy at 119.99?

I'm just glad my pre-split 700s (right below the top back then) that I held are now looking good after going through that down period of looking so bad. I also bought and sold more below that number though.

Heh! No, I think I bought around 79, or whatever the pre-split equivalent was. It looks as though my LT gain was over $13K.

 

[AlecZ]

And with a price/earnings ratio of 16, AAPL still has headroom to grow

If you want something with LOTS of room to grow, there's oil

 

[IJ Reilly]

Did you buy at 119.99?

I'm just glad my pre-split 700s (right below the top back then) that I held are now looking good after going through that down period of looking so bad. I also bought and sold more below that number though.

Heh! No, I think I bought around 79, or whatever the pre-split equivalent was. It looks as though my LT gain was over $13K.

If people are gonna brag, I will have to report that my cost basis for AAPL is about $0.50 a share, and I didn't get that by trying to guessing when I should trade in and out.

 

[SteveW928]

If you want something with LOTS of room to grow, there's oil

Heh, yea, as long as it's in the M.E.! (All the expensive extraction methods are probably done for a good long time.)

----------

So, I wonder when we'll be seeing the next round of Apple is doomed stuff?