Misek hikes Apple price target

Apple's (AAPL) price target is raised to $450 from $405 by Jefferies' Peter Misek who continues to rate the stock a Hold.

While still seeing risk to the Street's current iPhone sales estimates for the December quarter, "recent investor discussions indicate that the buy side is closer to our forecast."

"High-end smartphone saturation" will have many skipping the iPhone 5S and instead waiting for the iPhone 6.

Previous: Misek cuts his PT to $405 in late June.

Shares +1% premarket.

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Comments (26)
  • Brian Barbour
    , contributor
    Comments (1315) | Send Message
    This guy is a joke, when the 4 came out he said people will just wait for the 4s, and when the 4s came out he said people will just wait for the 5 and so on...


    further, just look at his constant price targets, he doesn't make a target then the shares reach that target. He always makes new targets once the share price has reached that point....In the space of a month he cut his price target then raised it back up...


    This is a perfect example to show that it is so unwise to make investments based on these analyst's price targets.
    1 Aug 2013, 08:13 AM Reply Like
  • leontxyee
    , contributor
    Comments (5) | Send Message
    well said!
    1 Aug 2013, 09:43 AM Reply Like
  • khoa_van
    , contributor
    Comments (33) | Send Message
    He has no choice but to raise his PT to $450; otherwise, he would look dumber.
    1 Aug 2013, 11:08 AM Reply Like
  • TinCan2012
    , contributor
    Comments (15) | Send Message
    Calling Mr. Misek dumb is actually an insult to dumb people...


    Analysts are allowed to be wrong periodically but he adjusts his estimates so often, he is continuously wrong.
    1 Aug 2013, 08:50 PM Reply Like
  • Skippy09
    , contributor
    Comments (1908) | Send Message
    " Calling Mr. Misek dumb is actually an insult to dumb people"


    Now that is funny Mr. TC2012. It's also very true.
    1 Aug 2013, 11:57 PM Reply Like
  • TruffelPig
    , contributor
    Comments (4206) | Send Message
    That guy predicts the weather buy looking out of the window, ignoring what he actually sees, and then claiming rain will come soon. Once it rains he predicts rain might lighten up. On occasion he throws in a random lighning storm. I think he fits perfect to Jefferies.
    1 Aug 2013, 08:20 AM Reply Like
  • NYC Trader
    , contributor
    Comments (510) | Send Message
    His price target will be $1000 as long as Apple's share price hits $1000. His projections are trash. Surprised he still has a job.
    1 Aug 2013, 08:50 AM Reply Like
  • olderhippy
    , contributor
    Comments (35) | Send Message
    Me thinks you under estimate this blokes uselessness. His Price Target will be $1000 as long as APPL is at the $997 mark, just like his Price Target is now $450 while APPL is at about $447.
    1 Aug 2013, 06:22 PM Reply Like
  • DanEp
    , contributor
    Comments (33) | Send Message
    Well I guess he doesn't think there is much downside left since today's price is over his $450 price by a few dollars. Of course we can only hope he has to raise his price target by another 10% in another 6 weeks or so. Can't wait till he changes Apple to an outperform. By then the price would probably be above $500 per share.
    1 Aug 2013, 08:58 AM Reply Like
  • olderhippy
    , contributor
    Comments (35) | Send Message
    If this loser changes APPL to an outperform, that is when I will consider selling my shares!
    1 Aug 2013, 06:24 PM Reply Like
  • Doyle3000
    , contributor
    Comments (1954) | Send Message
    Agree with all comments that slander Misek's work as an analyst. He and Jeffries are an embarrassment to this inept industry.


    1 Aug 2013, 09:34 AM Reply Like
  • zigazaga
    , contributor
    Comments (148) | Send Message
    Slander is making a false spoken statement damaging a person's reputation. Libel is a written one. In this case it's neither.
    1 Aug 2013, 03:39 PM Reply Like
  • Doyle3000
    , contributor
    Comments (1954) | Send Message
    sorry Mr. Darrow, I guess technically this person's reputation is being further damaged but it by true written statements. So what's your JD say that is called?
    2 Aug 2013, 08:28 AM Reply Like
  • Sammy Lee
    , contributor
    Comments (336) | Send Message
    His forecasts are nothing but random noise at this point. Having more information is not the same as having better information.


    BTW, y does he still have a job. Imagine what would happen to a doctor's career if he were wrong about his diagnosis as much as Misek. The guy has no skin in the game, no reason to believe anything he has to say, no respect.
    1 Aug 2013, 09:55 AM Reply Like
  • kroyals
    , contributor
    Comments (781) | Send Message
    Most analysts are no better than 50/50 (coin flippers) in picking the share price of stocks. You have to do your own intense research and you can perform much better than them. Especially when you can now trade for under $10 per transaction.
    1 Aug 2013, 10:14 AM Reply Like
  • exportman1
    , contributor
    Comments (52) | Send Message
    This guy cuts the price target to $405 and in a mere few weeks now raises it to $450. The current price as of this comment is $455. Think I'll disregard Jefferies analyses in the future.
    1 Aug 2013, 10:47 AM Reply Like
  • kidtronic
    , contributor
    Comments (2) | Send Message
    yeah what a following indicator.. still any raise is good news
    1 Aug 2013, 11:07 AM Reply Like
  • 215304
    , contributor
    Comments (689) | Send Message
    Wow, Jefferies' Peter Misek is a genius. Apple moves to $455, and Misek, using incredible analytic skills honed by many years of experience increases his price target from $405 to $450. I wish I had the mental acuity of this guy, I'd be billionaire. I would have never been able to figure out that my initial price target was crazy stupid wrong and raise it to another price target that is already stupid wrong with definitive objective data like the current price of the stock. I now see why these guys get paid so much money. Very impressive!
    1 Aug 2013, 11:18 AM Reply Like
  • coterotie
    , contributor
    Comments (16) | Send Message
    Just add 10%, on Jun 24 he had a price target of $405. Price was ~$403, 30 days later $440. So today he puts the target at $450, so $495 on August 24.
    1 Aug 2013, 11:54 AM Reply Like
  • Keep It Simple
    , contributor
    Comments (492) | Send Message
    "will have many skipping the iPhone 5S" REALLY ???


    I think if any iPhone was skipped, it was the iPhone 5. The only real difference from the iPhone 4S to the iPhone 5 was 0.5" bigger screen. (I was not planning on upgrading to the iPhone 5, but my iPhone 4S power button broke...)


    If anything, the massive amount of people that upgraded to the iPhone 4S two years ago will be looking to upgrade their iPhones thanks to their Carrier's upgrade cycle that falls in perfect line.


    I predict that the iPhone 5S will be the most upgraded-to phone. However, the most sold iPhone will become the new plastic 4 inch iPhone 5C.
    1 Aug 2013, 11:55 AM Reply Like
  • Chrishunet
    , contributor
    Comments (18) | Send Message
    Since this guy is apparently a clown of the year candidate, let me ask you how does one construct a reliable price target? Is it industry PE * Earnings? Is there an article or book that describes the process?
    1 Aug 2013, 12:21 PM Reply Like
  • tsabar
    , contributor
    Comments (153) | Send Message
    I have nothing positive to say about Misek. Why does Jeffries keep him on the payroll?
    1 Aug 2013, 12:57 PM Reply Like
  • rubber duck
    , contributor
    Comments (194) | Send Message
    AAPL already $455 when he published his new $450 price target. I guess that's one way to increase your batting average.........
    1 Aug 2013, 01:18 PM Reply Like
  • pman6
    , contributor
    Comments (270) | Send Message
    Someone please enlighten me how this guy has a job?


    Do they make money being Mr. Obvious, or do they actually trade and make money for their firms?
    1 Aug 2013, 01:19 PM Reply Like
  • billhall68
    , contributor
    Comments (52) | Send Message
    Jeffries is paying this guy? Damn... are they hiring? He is right there with a weather man. I'm sorry that was wrong. I did not mean to slander the weather man position.
    1 Aug 2013, 07:32 PM Reply Like
    , contributor
    Comments (148) | Send Message
    I am tired, its been a long day for me. I want so badly to comment on this.........insane post. I just don't know where to begin, lol. Time for bed.
    1 Aug 2013, 07:59 PM Reply Like
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