facebookApple's 30 analysts are forecasting revenues of US$314.2b in 2021 which would be a notable 14% improvement in sales. Can these analysis be trusted or are they a ploy to increase demand? - Seedly

Anonymous

04 Nov 2020

Stocks

Apple's 30 analysts are forecasting revenues of US$314.2b in 2021 which would be a notable 14% improvement in sales. Can these analysis be trusted or are they a ploy to increase demand?

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Ignore whatever analysts says, these are just market noise. They get wrong a lot of the time too

Maisul

04 Nov 2020

Youtuber at Google (Channel : Say Do Invest)

Yeah indeed they forecast 14.9% increase in revenue for apple in 2020 (EOY) and 2021 23.6%.

Those analyst that gives this estimates can always be wrong. Anyways it is just a prediction.

But one thing to note they are professional analyst though who specialises in the sector.

When they are wrong of course the stock reacts by emotion.

There are many instances where revenue estimate always miss analyst expectation.

In my opinion valuation and fundamentals of a company is more important than what analyst says.

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