Wedbush raises Apple stock target to $190 on rising demand

Yeah, I would be worried about “high demand” in China. Tensions between China and the U.S. are rising daily it seems and if Xi decides to send lethal aid to the Russians in Ukraine it could be all over. Then we have all the blathering about a potential multi-multi-billion Euro fine in the EU as well as draconian regulation. Governments worldwide appear to have set their sites on Apple’s cash as a means of funding their corrupt operations. Just saying.

lkrupp said:

Yeah, I would be worried about “high demand” in China. Tensions between China and the U.S. are rising daily it seems and if Xi decides to send lethal aid to the Russians in Ukraine it could be all over. Then we have all the blathering about a potential multi-multi-billion Euro fine in the EU as well as draconian regulation. Governments worldwide appear to have set their sites on Apple’s cash as a means of funding their corrupt operations. Just saying.

Apple is doomed again? Eastern Asia, China, Japan, and Korea have demonstrated they will buy quality first tier western products. They just won’t buy the second and third tier products, Apple isn’t divorced from the world, if China, were to go down, most of the world, would go down with it in terms of a economic depression for a few years.

Russia made their bed, and they will not come out of the Ukraine fiasco without losing even more economic strength, China in the end will help themselves to a greater part of eastern Russia, which the European Russians are vacating moving back west towards Moscow.

JP234 said:

$190 price target for Apple Inc. Same as Morgan Stanley.
What is never mentioned is "over what time period?" If it's over a week, that's dramatically different than over a year. Or is $190 a point at which Apple stock is fully valued and has no room to go higher and should be sold? If I'd followed that advice, over the last 10 years I'd have lost over $100,000 by selling when Apple hit previous price targets.

Buy it. Hold it. Put your kids through college.

Indeed. The one and only great bet my wife and I made in the investment game was purchasing a ton of APPL within a month of SJ’s return to Apple in 1997. Have held it ever since, and we put two kids debt-free through 4 years of college. It was particularly nice when the stock split 7-to-1 in 2014 when it hit $700/share, and later a 4-to-1 split in 2020. Now we have a ton of shares. Will be very nice if it ever hits $190/share, but I’ll believe it when I see it. Anyway, thanks Apple!

JP234 said:

$190 price target for Apple Inc. Same as Morgan Stanley.
What is never mentioned is "over what time period?" If it's over a week, that's dramatically different than over a year. Or is $190 a point at which Apple stock is fully valued and has no room to go higher and should be sold? If I'd followed that advice, over the last 10 years I'd have lost over $100,000 by selling when Apple hit previous price targets.

Buy it. Hold it. Put your kids through college.

Price targets are almost always 12 months 

montrosemacs said:

JP234 said:

$190 price target for Apple Inc. Same as Morgan Stanley.
What is never mentioned is "over what time period?" If it's over a week, that's dramatically different than over a year. Or is $190 a point at which Apple stock is fully valued and has no room to go higher and should be sold? If I'd followed that advice, over the last 10 years I'd have lost over $100,000 by selling when Apple hit previous price targets.

Buy it. Hold it. Put your kids through college.

Indeed. The one and only great bet my wife and I made in the investment game was purchasing a ton of APPL within a month of SJ’s return to Apple in 1997. Have held it ever since, and we put two kids debt-free through 4 years of college. It was particularly nice when the stock split 7-to-1 in 2014 when it hit $700/share, and later a 4-to-1 split in 2020. Now we have a ton of shares. Will be very nice if it ever hits $190/share, but I’ll believe it when I see it. Anyway, thanks Apple!

Also purchased AAPL in 1998 when Jobs return (and some more again in 2003). We also enjoyed  2-1 splits in 2000 and 2005. But don't forget to mention the dividend AAPL started paying in 2012 (when Cook took over as CEO). It wasn't a lot percentage wise, but when you have a lot of shares, it adds up.

For the past 10 years of my retirement (retired in 2010) my income from my pension plus AAPL dividend comes to more than my salary at the time I retired. And since I'm paying the lower 15% tax rate on qualify dividend (on my Fed return), my after tax income is significantly more now, than when I first retired. Though CA taxes long term capital gains and dividend as regular income, no tax break there. But at least my AAPL shares have allowed me to afford to stay in CA. Several of my retired  friends had to move out of CA (or already had plans to move out of CA when they retire), in order to afford a more comfortable retirement. (Most of them took advantage of the $500,000 ($250,000 for single) of tax free capital gains by selling their home, buying a much cheaper and better home in another State and still ended up with all or most of that $500,000 in their retirement accounts.) 

To put it in perspective, one share of AAPL at $20 in 1998 is now worth 112 shares of AAPL at $153 (over $17,000), plus 10 years of dividend.