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How Analysts Rate Apple Now After Its Stock Split

Apple Inc. (NASDAQ: AAPL) is now trading under $100 for the first time in years. The company’s seven-for-one stock split is already reflected in its share price.

24/7 Wall St. has updated how the price targets from Wall Street analysts have changed as a result. We would advise readers to keep in mind that these price targets that are $104.28, $102.85 and the like will soon be changed (if not already changing) to reflect the new Apple prices with round numbers.

Stifel Nicolaus was the first analyst we have seen to formally adjust its price target. It has a Buy rating, and the target moved up to $110 in the call.

Barron’s featured an article over the weekend referring to analyst Brian White of Cantor Fitzgerald. His $4 projection in earnings per share from a better smartwatch would now only be an additional $0.57 in earnings per share after the split.

Last week, BMO Capital Markets reiterated its Outperform rating, but the price target was raised to $685 from $610. The new unadjusted target is $97.85.

RBC Capital markets maintained its Outperform rating last week, but the price target was raised to $675 from $645 in the call. That new price target would be adjusted to $96.43 after the split.

ALSO READ: Is Apple About to Dominate the Video Game Industry?

Canaccord Genuity reiterated Apple with a Buy rating last week and the price target was raised to $710 from $660. Apple’s new post-split adjusted price target would be $101.42.

And elsewhere …

Credit Suisse maintained its Neutral rating last week after the WWDC event, but the firm raised its price target to $600 from $560. The new adjusted price target would be $85.71.

Piper Jaffray’s Gene Munster talked up Apple’s prospects last week, and he has a Buy rating with a $730 price target. The new post-split target would be $104.28.

Goldman Sachs kept its Buy rating and raised its price target for Apple to $720 from $635 right at the end of May. The new implied target price would be $102.85.

Argus recently maintained its Buy rating and hiked its target to $700 from a prior target of $610. The new implied price target is $100.00 even.

Wells Fargo also recently maintained a rating of Market Perform, but the price target range was taken higher to $595 to $640. The new target range would be considered $85.00 to $91.43.

ALSO READ: Five Analyst Stocks Expected to Double or More

Apple shares were up 1.4% at $93.52 in mid-afternoon trading on Monday. Its adjusted 52-week range is $55.55 to $93.80, and the consensus price target has currently been adjusted to $91.74. We would give that consensus price target a few days to fully adjust as there are nearly 50 analysts covering it.

More data covered on price and share count adjustments can be found in our earlier report on this matter.

24/7 Wall St. has also provided some extra coverage after the split from around the Web:

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