Ernie Varitimos:

Ask yourself, how many times have you tried to make sense of an analyst’s statement, where they’ve demonstrated a complete misunderstanding of Apple culture, the ecosystem, or the fan base. This isn’t universal of course, some analysts are very knowledgeable and huge Apple fans, but even a respected Apple bull like Gene Munster ranks only in the middle of the pack, well behind several amateur analysts. Some of the most influential analysts rank near the bottom of the pack, like Charlie Wolf and Kathy Huberty.

I have little to no respect for financial analysts.