Citi cuts Apple's price target

The recent trend of analysts and investment firms cutting their share price targets for Apple has continued, with Citi cutting its expectations for Apple's stock to $200 and suggesting the price could drop further in the future, as low as $125. The firm doesn't expect China to ban or impose additional tariffs on the iPhone maker but notes that if it did happen Apple's Chinese exposure represents about 18% of total sales.

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Actually, Citi joins a number of Wall Street firms cutting expectations for Apple’s stock: Morgan Stanley (on the weak market in China for iPhones), Goldman Sachs(on the lackluster international reception of the iPhone XR), Guggenheim Partners (on declining iPhone unit sales next year), UBS (on warnings from suppliers and weak overseas sales), HSBC (on over-dependence of a single product) and Rosenblatt Securites (on a lowered iPhone shipment estimates).

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3 minutes ago, Stephen said:

The recent trend of analysts and investment firms cutting their share price targets for Apple has continued, with Citi cutting its expectations for Apple's stock to $200 and suggesting the price could drop further in the future, as low as $125. The firm doesn't expect China to ban or impose additional tariffs on the iPhone maker but notes that if it did happen Apple's Chinese exposure represents about 18% of total sales.

Ridiculous. At $ 125.00, it will be, de facto, a private company. Growth of 2%-3%? The cash will keep rolling in, and the buybacks will keep rolling on.

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Just now, JohnAtronis said:

Ridiculous. At $ 125.00, it will be, de facto, a private company. Growth of 2%-3%? The cash will keep rolling in, and the buybacks will keep rolling on.

The $125 target seems possible for Bear market, China trade war, and Apple again getting labeled a 1-trick pony/value trap. I would be buyer at $125. 

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Just now, Hajga Loma DK said:

The $125 target seems possible for Bear market, China trade war, and Apple again getting labeled a 1-trick pony/value trap. I would be buyer at $125. 

I'd love to see AAPL at $125!
At that price, Apple can probably decide to buy the entire float and go private...Berkshire Hathaway will be much less happier about this though...

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2 minutes ago, 李伟王芳 said:

I'd love to see AAPL at $125!
At that price, Apple can probably decide to buy the entire float and go private...Berkshire Hathaway will be much less happier about this though...

Here’s a more plausible $125 scenario.: AAPL climbs to $250 and splits.

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9 minutes ago, Stephen said:

The recent trend of analysts and investment firms cutting their share price targets for Apple has continued, with Citi cutting its expectations for Apple's stock to $200 and suggesting the price could drop further in the future, as low as $125. The firm doesn't expect China to ban or impose additional tariffs on the iPhone maker but notes that if it did happen Apple's Chinese exposure represents about 18% of total sales.

How can it be that there is the most valuable company worldwide, and suddenly analysts start to sink its shares? It's something schizophrenic here

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5 minutes ago, 李伟王芳 said:

I'd love to see AAPL at $125!
At that price, Apple can probably decide to buy the entire float and go private...Berkshire Hathaway will be much less happier about this though...

Buffett will keep buying around $150.

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11 minutes ago, Stephen said:

The recent trend of analysts and investment firms cutting their share price targets for Apple has continued, with Citi cutting its expectations for Apple's stock to $200 and suggesting the price could drop further in the future, as low as $125. The firm doesn't expect China to ban or impose additional tariffs on the iPhone maker but notes that if it did happen Apple's Chinese exposure represents about 18% of total sales.

Apple has lost $250bn in market cap in a month or so. Thats like SNAP + TWITTER + NVIDEA + CRM + TRIPADVISOR all together

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