Apple 'To Deliver An EPS Beat' Says Goldman Sachs: AI, Innovations, Strategic Investments Drive Q3 Optimism
Portfolio Pulse from Surbhi Jain
Goldman Sachs analyst Michael Ng predicts Apple Inc. (NASDAQ:AAPL) will surpass Q3 earnings expectations, driven by strong performance in iPad, Mac, and Services segments. Ng forecasts an EPS of $1.36 on $85.1 billion in revenue, with significant growth in AI advancements and strategic pricing. The Services segment is expected to drive future profitability.
July 18, 2024 | 4:48 pm
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Goldman Sachs analyst Michael Ng forecasts Apple will beat Q3 earnings expectations with an EPS of $1.36 on $85.1 billion in revenue. Strong performance in iPad, Mac, and Services segments, along with AI advancements and strategic pricing, are key drivers.
The analyst's forecast of an EPS beat and strong revenue growth, driven by multiple segments and AI advancements, is likely to positively impact Apple's stock price in the short term. The bullish price target and emphasis on the strength of Apple's ecosystem further support this positive outlook.
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