The Daily Digit is $420. That's the newest Apple price target from Jefferies' equity analyst Peter Misek And he's been chopping it for a while now. Just last summer, Misek targeted $900 for Apple, then he lowered his expectations to $500. Now it's even less. The reasons? Many. Misek, who has a 4 out of 5 star rating on Starmine says Apple is buried in inventory, burdened by slowing sales and, consequently, it will have smaller revenues.