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In a way. Keeping a sell but raising target to $299 from $263 on a stock pushing $400 is just CYA so that people can't see HOW WRONG he really was/is. If AAPL sells off to $320, he can say "Look how close to my $299 target AAPL has come".
Take a look at this story and date. Nothing wrong with his original stance, butto maintain it since then is idiotic: Watch Goldman Sachs’ Rod Hall defend his $165 Apple price target Published October 9, 2019 by Philip Elmer-DeWitt More at: ped30.com o~~~ O
Fans of iPhone will probably have to wait at least another month before shiny new models are unveiled. Apple Inc. AAPL is delaying its annual fall event until the latter half of October instead of early September, according to a tech blog. The company was forced to push back the event for the 5G-compatible iPhone 12 line because of production delays caused by the pandemic, the Japanese Apple blog Mac Otakara reported. Apple is expected to announce four new iPhones, with the 5G models available in November. Apple shares are up 26.5% this year. The broader S&P 500 index SPX is up 0.2% in 2020.
Its not the consumer protection probe... does anyone think that Apple can't crush that?
Its the wider market... and unemployment...
I don't know why people thought that opening up businesses when the pandemic was just raging would make people invulnerable... it was obvious it would make it worse and it did. Way worse.
So people went back to work for a short time, and gosh unemployment looked a little better!!! Now they are getting laid off again, and its going to get worse with multiple businesses facing bankruptcy.
Today I bought some shares after being out for several months. Apple will be one of the biggest beneficiaries once the virus is tamed by a vaccine and that seems inevitable. A few days ago it was about to go over 400 so today looked like a bargain to me.