Apple Stock Pumped by Analyst

One day Apple’s stock is shit, another day it’s gold.

Goldman Sachs believes the company is drastically undervalued, awarding its shares a $163 12-month price target and adding the security to the bank’s “conviction buy” list. Trading at close to $117 at the time of this writing, shares are currently at about a 39% discount to this price target. Could Apple stock really be this undervalued?

Wow, things have totally changed in two weeks? It’s hard for me to completely buy the reasoning in the rest of the article, but this is certainly true:

Apple’s conservative P/E ratio is definitely a bit baffling in light of the company’s customer loyalty and annuity potential.

Categories    Apple