Apple Q4 Earnings Preview: Goldman Sachs Analyst Anticipates Big Earnings Beat, Resilient iPhone 16 Demand
Portfolio Pulse from Hayden Buckfire
Goldman Sachs analyst Michael Ng is optimistic about Apple's Q4 earnings, predicting an EPS of $1.61 and revenue of $94.5 billion, both above consensus. Ng highlights strong iPhone 16 demand and Apple's growing services segment as key factors.
October 25, 2024 | 7:05 pm
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Goldman Sachs analyst Michael Ng anticipates Apple will exceed Q4 earnings expectations, driven by strong iPhone 16 demand and a robust services segment. Ng maintains a Buy rating and a $275 price target.
The analyst's positive outlook on Apple's Q4 earnings, driven by better-than-expected iPhone 16 demand and strong services growth, suggests a likely positive impact on Apple's stock price. The maintained Buy rating and $275 price target further support this view.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100