Apple's Stock Poised For Over 20% Gain, Says Goldman On Strong iPhone 15 Demand
Portfolio Pulse from Benzinga Neuro
Goldman Sachs predicts a more than 20% upside for Apple Inc. (NASDAQ:AAPL) shares due to strong demand for the recently launched iPhone 15 series. The firm maintains a buy rating on Apple shares with a price target of $216, suggesting a 23.4% upside from Friday’s close. However, potential supply chain constraints that might impact supply are also noted.
September 19, 2023 | 9:23 am
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Strong demand for iPhone 15 series is expected to drive Apple's stock price up by over 20%, according to Goldman Sachs. However, potential supply chain constraints could impact this prediction.
The prediction of a more than 20% upside for Apple's shares is based on the strong demand for the recently launched iPhone 15 series. This demand is expected to drive up the company's stock price. However, potential supply chain constraints could impact the supply of the iPhone 15 series, which could in turn affect the predicted increase in Apple's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100