Seeking Alpha

Misek boosts Apple to Buy

  • Following a trip to Asia in which he noticed a "substantial shift in attitudes toward Apple (AAPL), Jefferies' Peter Misek upgrades the stock to Buy with $600 price target (from $425).
  • He still sees risks to CQ4 revenues, but now believes better gross margins will allow the company "to skate by" until the larger-screened iPhone 6 launches. "The stock is attractive based on the attitude change, FY15 revenue growth of more than 15%, and valuation."
  • Shares +0.5% premarket with Nasdaq 100 futures -0.8%.
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Comments (30)
  • A Prudent Investor
    , contributor
    Comments (1192) | Send Message
    Not surprising that he changed he price target. He did his job to bring the stock lower for clients. Now he will pump it up for them as well.
    7 Oct 2013, 08:09 AM Reply Like
  • ash187
    , contributor
    Comments (222) | Send Message
    are you suggesting misek could move the needle on the apple shareprice? He's not that influential.
    7 Oct 2013, 09:32 AM Reply Like
  • NYC Trader
    , contributor
    Comments (513) | Send Message
    i disagree. i think he's very influential.
    7 Oct 2013, 09:38 AM Reply Like
  • sws1967
    , contributor
    Comments (109) | Send Message
    Yep, AAPL stock is completely manipulated by "them" and "they" run it up and down! That's why we try and trade it because it's completely transparent and fair - oh wait, I mean it's a total conspiracy, which is why I spend my money trading it so that I can....oh, look the sky is blue!
    7 Oct 2013, 12:42 PM Reply Like
  • ujvar
    , contributor
    Comments (152) | Send Message
    Misek does not hide his intentions and they are ┬┤not honorable.
    7 Oct 2013, 02:30 PM Reply Like
  • Humble Eagles
    , contributor
    Comments (2350) | Send Message
    So, Mr. Misek heard/saw something in Asia causing him to order a wok full of sweet and sour crow! That is one huge change in sentiment, but good on him for having the guts to completely reverse himself when reality proved his previous position wrong! He raised his price target almost 50%--he heard/saw something very compelling, obviously.
    7 Oct 2013, 08:12 AM Reply Like
  • milehr
    , contributor
    Comments (547) | Send Message
    He's got enough guts to reverse himself every few months:-)
    7 Oct 2013, 10:12 AM Reply Like
  • Mike Walker
    , contributor
    Comments (370) | Send Message
    AAPL at $600 - that would be sweet.
    7 Oct 2013, 08:12 AM Reply Like
  • nguyenvanphuoc
    , contributor
    Comments (388) | Send Message
    LOL - it's amusing to me that this analyst claims Apple is going to simply 'skate by'. That's kind of the definition of what analysts do, IMHO.
    7 Oct 2013, 08:19 AM Reply Like
  • aardvark3
    , contributor
    Comments (568) | Send Message
    The gaudy, full page Samsung ads in the Sunday NY Times business section have an air of desperation about them. Enlarging that Samsung watch makes it even more grotesque.
    7 Oct 2013, 08:34 AM Reply Like
  • 2puttwo
    , contributor
    Comments (596) | Send Message
    @fasteddie - what gives you the idea that Peter Misek has any clients, Jefferies for that matter.
    7 Oct 2013, 08:42 AM Reply Like
  • HardHead144
    , contributor
    Comments (8) | Send Message
    $700.00 2nd qtr 14.
    7 Oct 2013, 09:03 AM Reply Like
  • Stan The Man
    , contributor
    Comments (154) | Send Message
    This guy has been so mindlessly negative on Apple for so long, he should lose his right to be called an Apple analyst. How do people like this keep their jobs? The only way this guy's "sea-change" of opinion is meaningful, is as a sign of capitulation by the Apple nay-sayers.
    7 Oct 2013, 09:03 AM Reply Like
  • ujvar
    , contributor
    Comments (152) | Send Message
    thanks for These clear words. Misek lost ALL credibilty. Let us ignore him until today.
    7 Oct 2013, 02:33 PM Reply Like
  • rrosey2
    , contributor
    Comments (803) | Send Message
    Alpha will print anything (almost).
    8 Oct 2013, 12:28 AM Reply Like
  • capedcrusader
    , contributor
    Comments (3) | Send Message
    I rolled my eyes when he dropped it to $425, and rolled them again when I saw the upgrade this AM. Capitulation of AAPL bears indeed.
    7 Oct 2013, 09:12 AM Reply Like
  • Jack Baker
    , contributor
    Comments (1040) | Send Message
    How does this feckless "analyst" "skate-by" with a job?
    7 Oct 2013, 09:28 AM Reply Like
  • name999
    , contributor
    Comments (179) | Send Message
    This reminds me Goldman Sachs put a $90 PT on TSLA when it was traded at around $100-110. Do you own work and make your own decisions. Most of those analysts would just do the opposite things to what they say.
    7 Oct 2013, 09:49 AM Reply Like
  • bfmil
    , contributor
    Comments (220) | Send Message
    And remember the word analysts starts with the prefix 'anal'. IMHO, if most of them knew hat they were saying was an accurate prediction, they / we'd all be millionaires. I've lost more money listening to analysts and have made more money playing the market myself making my own decisions.
    7 Oct 2013, 10:06 AM Reply Like
  • Tyler Leonard
    , contributor
    Comments (225) | Send Message
    What a joke. I just random searched Misek and Apple and came across this hilarious article showing his horrible predictions of Apple products and that doesn't even show his upgrades/downgrades. If you listen to this guy you are the fool.

    7 Oct 2013, 10:02 AM Reply Like
  • coterotie
    , contributor
    Comments (16) | Send Message
    Misek goes to Asia and is shocked to find that $AAPL is an aspirational brand, people love the phone and the "channel fill" BS was in fact restocks, that have since been completely sold through. As I have stated before, guy couldn't even make it as a weatherman. He's not right at least 50% of the time. Think how much clients have lost following his advice.
    7 Oct 2013, 10:11 AM Reply Like
  • Jack Baker
    , contributor
    Comments (1040) | Send Message
    Yet, this incompetent, feckless analyst still moves the stock significantly with his calls. Unbelievable!
    9 Oct 2013, 09:10 AM Reply Like
  • Davy Crockett
    , contributor
    Comments (138) | Send Message
    I suppose that any upgrade is good news for those of us who are long AAPL, even if it is from the Roland Hedley of analysts.
    7 Oct 2013, 10:32 AM Reply Like
  • what do I know
    , contributor
    Comments (1049) | Send Message
    Mr. Misek: You want to be sure that the market want you and you saw that, every body is watching what you. Now, be a nice guy and up the price target, please.
    7 Oct 2013, 10:59 AM Reply Like
  • jebworks
    , contributor
    Comments (178) | Send Message
    Just shows it's useful to sometimes go outside the U.S. and learn about the world at large. This is not the center of the universe!
    7 Oct 2013, 11:33 AM Reply Like
  • Mark Krieger
    , contributor
    Comments (4827) | Send Message
    $500 by the bell is certainly a possibility
    7 Oct 2013, 11:56 AM Reply Like
  • ujvar
    , contributor
    Comments (152) | Send Message
    I do like Apple and I am Long. I dislike his irrational jumping from one bag into the other like a pregnant woman (what we do understand!).
    7 Oct 2013, 02:27 PM Reply Like
  • Westwing
    , contributor
    Comments (13) | Send Message
    Unbelievable! How frequently does this guy change his mind?
    7 Oct 2013, 03:30 PM Reply Like
  • Lucky Lady
    , contributor
    Comment (1) | Send Message
    I have been long AAPL since 1994. Long ago I lost track of all the
    Miseks that I've had to listen to. I'd love to have another share of aapl for each one of those dingbats. That adjective was kinder than the one that first popped into my head.
    7 Oct 2013, 03:32 PM Reply Like
  • Crazy Mazy
    , contributor
    Comments (434) | Send Message
    Is this not the same fellow who said that BB10 sales were doing well last quarter and returns were low? Okay well lets hope he's not wrong again!
    8 Oct 2013, 04:55 PM Reply Like
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