Goldman $430 Target on Apple: Yawn

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By Barry Ritholtz - December 13th, 2010, 2:04PM

Goldman Sachs Upgrade on Apple should not mean much to smart investors.

Comments

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

8 Responses to “Goldman $430 Target on Apple: Yawn”

  1. Goldman’s Apple Upgrade Shouldn’t Matter to You | The Big Picture Says:

    [...] Disclosures Goldman $430 Target on Apple: Yawn [...]

  2. Sechel Says:

    The Goldman reccomendation makes more sense if you add to it the phrase, “So give us your money”

  3. JimRino Says:

    What’s Goldman’s angle? Pump and Dump?

    For Apple to go higher it would need:
    1) A New Product
    2) or, Proof it’s taking more market share, in phones or computers or software.

    I like the company as an engine of slick innovation.
    My skepticism of GS would make me ask, “Did they just jump on board at $310?”

  4. b_thunder Says:

    Yawn!!!?????

    At the time of the original post – 2pm – yes, a yawn. But what about when coupled with the price action in AAPL and Nasdaq in the last 60min of trading?
    I have 2 question i wish i knew the answers to:

    #1 – Did the action in AAPL (upgrade, all-time high, selloff) cause the market selloff, or the other way around?
    #2 – Does a security becomes an automatic “sell” if GS recommends, upgrades, raises target, or otherwise promotes it to the “outsiders?”

  5. Calvin Jones and the 13th Apostle Says:

    #2 – Does a security becomes an automatic “sell” if GS recommends, upgrades, raises target, or otherwise promotes it to the “outsiders?”

    What do you think? Have you paid attention these past few years?

  6. criado Says:

    one could also look at it as your classic accumulation – distribution phases in the stock and GS blatantly calling in the next phase to begin distributing.

  7. CTB Says:

    Between these two:
    Apple: $295B market cap, $11.7B free cash flow
    Microsoft + Amazon.com: $311B market cap, $19.5B free cash flow
    I would take the latter.

  8. Lariat1 Says:

    Just trying to get logged in here.

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