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Goldman Boosts AAPL Price Target To $145, Tells Clients To Buy (All It Has For Sale)
Remember: any time Goldman tells you to do something, do what it does, not what it tells you (thank you Tom Stolper for teaching us that lesson) and as the case may be, Goldman's prop, pardon, flow (because those are illegal under Volcker wink wink) traders have some AAPL shares to sell to you.
From Goldman:
Risk-reward more balanced, but upside persists
What's changed
We are updating our Apple scenario analysis and tactical map for 2015. The stock has appreciated by 20% versus a 6% increase in the S&P 500 since we published our last scenario analysis on December 16, and recent data points have changed our key assumptions since that report. Indeed, 4QCY15 iPhone units posted 12% upside to our prior bull case unit scenario, EPS exceeded by 8%, and operating cash flow exceeded by 31%. In addition, Tim Cook’s presentation at the Goldman Sachs Technology and Internet Conference has increased our confidence in Apple’s platform momentum (particularly on Apple Pay), the potential for the Apple Watch, and the prospects for sustained iPhone growth.
Implications
All of these factors and a powerful near-term catalyst set (April watch launch and capital allocation update as well as likely upside for the March quarter) lead us to increase our estimates and price target. Our scenario analysis reflects our increasingly bullish outlook, though the risk-reward has become somewhat less favorable. Given the current catalyst set and valuation, we still expect the stock to outperform; nevertheless, we could become more cautious on the stock if 1) our base case assumptions prove too aggressive; 2) the stock price reaches our new target price; or 3) we believe investor expectations have exceeded our base case. Our EPS estimates for FY15/16/17 move to $8.77/$10.45/$11.56 from $8.51/$9.87/$10.84.
Valuation
We increase our 12-month target price to $145 from $130 previously which is based on a 16X (up from 15X reflecting our increased confidence in Apple’s outlook) multiple applied to our CY2015 EPS estimate of $9.03 ($8.64 previously).
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Kermit needs some Goldman lube
People are lining up to join the Dead Muppet Society.
Are the about to introduce the i-muppet?
If Apple stores sold green frog costumes, people would line up, buy them and then wear them everyday.
Is it just me or are a lot of bells ringing, again...
This is kind of like how waiters start pushing the food that's about to go rank.
Well boys and girls it's official now.
Dump your AAPL stock, fast as you can!
Not so fast...
When it hits Goldman's target price, then they'll reconfigure the DOW and put AAPL in there [forcing 401k MOMO's to buy each month]. Then it'll get whacked as Goldman offloads its shares.
Pennies in front of the steamroller I realize, buy WTF, I don't run this shitshow.
Nice of them to call the top for us
Apple can round trip $130-$145 and back to $130 in 10 minutes here in the shitshow market conditions....big deal.
come now, I'm sure the icar will be a hit.
never go full retard
Step right up, folks. Opportunity of a lifetime, don't want anyone else to know. But, 'cause you have an honest face, let me tell you about it ...
Based on upcoming Apple watch flop? What will this watch do that you really need?
Guess the isheeple will be happy to tell us.
maybe they'll put a two bit strap on thr back of the latest iphone, that would add another $100B to the market cap.
take a good look down Kermit's bunghole ... you'll see an iWatch down there.
The iWatch will allow for drone targeting within 3 meters.
That picture of Kermit cracks me up.
Amidst all of the talk of pending DOOM, you really brightened my morning.
The sell signal is in...SELL SELL SELL
Wide receiver.
AIDS alert: The rectum is for outgo .... not INCOME ! Courtesy of The Thirsty Rectum Society
Apple can't bring its cash hoard home, but I'm sure they can use cash from oveseas to pay for product development. That is what the iCar is all about. Apple spends $100 billion on parts and research from suppliers and consultants, all of which really cost almost nothing because it is all about an accounting fudge filtering through holding companies, voilà overseas cash winds up at home.
If Apple says they spent $100 billion on iCar development nobody will question it. In fact Apple would probably add $100 billion in market cap within a day of the announcement, BECAUSE APPLE!!!
You know those great Chinese numbers. All based on shipments, not sales. Xiaomi is eating Apple's breakfast, lunch, and dinner in China. No rational Chinese person would pay three times as much for an inferior iPhone over a Xiaomi. The little fruit logo doesn't carry much weight in China. Neither does the name Elon Musk.
The icar will have a NSA approved hard drive
All aboard the Dennis Gartman express...
Yes . To reaffirm GS's buy recommendation, be sure Gartman is signaling a "buy".
AAPL is the most heavily weighted issue on the NASDAQ100.
Yellen/GS go long AAPL to keep this index up. NDX supports S&P500, because DJI is falling apart and leaning on S&P500 (over 20% of Dow is failing crap)
Normally this is a "buy GS's book" exercise, but the Fed may have run out of momentum to run these markets higher.
Next step? Recruit MOAR buying sheeple.
I'm going to buy apple trees this spring.
The more ZH bashes Goldman Sachs, the more I love ZH. Investors /consumers have taken it up the ass from Goldman.
Ever notice how THEY give you back what they took from you and you're supposed to think you actually GOT SOMETHING? Examples: rebate on credit cards, cash back on car purchases, tax refund...it's called "giving you the sleeves off of our vest"