Apple: New product launches to support revenue growth (and 'buy' case), says Wall Street bank
Portfolio Pulse from
Goldman Sachs has reiterated its 'buy' rating for Apple Inc. (NASDAQ:AAPL), setting a price target of $294, which is a 25% premium to the current share price. The bank is optimistic about Apple's revenue growth prospects due to new Mac and iPad models.
March 10, 2025 | 12:45 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Goldman Sachs has reiterated its 'buy' rating for Apple Inc., setting a price target of $294, a 25% premium to the current share price. The bank is optimistic about Apple's revenue growth prospects due to new Mac and iPad models.
Goldman Sachs' reiteration of a 'buy' rating and a significant price target increase suggests strong confidence in Apple's future performance. The focus on new product launches, specifically Mac and iPad models, indicates expected revenue growth, which is likely to positively impact Apple's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100