What is Apple ($AAPL) worth? 5 analysts (plus me) weigh in

CNN Money recently ran an interesting article on the drop in Apple's [stckqut]AAPL[/stckqut] share price. It is probably no secret to my readers that Apple's share price has dropped fairly dramatically in the last several weeks.

In the article, Philip Elmer-DeWitt (the author) quotes 5 different investment pros and then finally each pro puts out a prediction for the price of Apple's stock.

  • RBC Capital's Amit Daryanani: Sticking with $750 price target.
  • Barclays' Ben Reitzes: ┬áPrice target unchanged at $800.
  • CLSA's Avi Silver: Poised To Rebound. $770 price target.
  • Piper Jaffray's Gene Munster: Comfortable With FY13 Margin Assumptions. Reiterating $900 price target.
  • Avondale Partners' John Bright: Initiating coverage with $600 price target.

I am also reiterating my commitment to Apple as soon as the bottom is found and the price starts to rise again. Why pay more if the price is dropping short term? I think Apple is probably a buy up to $820.

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