• Seth Golden posted an update 2 weeks ago

    Bernstien: AAPL has had a tremendous run, and now trades at 31x FY 21 estimates, a premium to many consumer companies and its highest relative level in over a decade. While we believe sell-side estimates remain too low, we worry that once a strong cycle is fully “baked” into estimates, likely around Dec-January, the stock could struggle to outperform. MP, PT=$100.”

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