Goldman Sachs cuts AAPL target, earnings forecasts on bleaker iPhone predictions
Apple's stock value fell on Thursday morning in the wake of Goldman Sachs reducing price and earnings targets, along with its predictions for future iPhone shipments.
Apple's stock value fell on Thursday morning in the wake of Goldman Sachs reducing price and earnings targets, along with its predictions for future iPhone shipments.
Goldman Sachs on Wednesday gave a ringing endorsement for Apple stock, telling investors that the iPhone Upgrade Program, Apple Music, and anticipated streaming television product will change how the market views the company.
Apple CEO Tim Cook was among the guests of honor at Tuesday's annual Goldman Sachs Technology and Internet Conference, where he discussed a range of topics including the Apple Watch's role in life, Apple Pay's growth, and the symbiotic partnership with enterprise giant IBM.
Calling it his company's "biggest, boldest and most ambitious project ever," Apple Chief Executive Tim Cook revealed a massive new $850 million investment in a California solar farm — one that will generate enough electricity to power virtually all of its operations in the Golden State.
Add Goldman Sachs to the parade of investment firms that revised their price targets on Apple stock this week, following continued gains by the iPhone maker ahead of next week's Worldwide Developers Conference and 7-for-1 stock split.
Shares of Apple stock recently hit a 52-week low, but analysts at Goldman Sachs are still very optimistic about the company's fortunes, with one analyst saying AAPL is the most undervalued stock the firm covers.
iPhone and iPad users are so loyal to Apple and unlikely to switch to another platform that one analyst has pegged their total collective value at nearly $295 billion.
A new list from Goldman Sachs puts Apple at the top of a list of the most important stocks for hedge funds.
Goldman Sachs on Wednesday increased its price target for Apple stock to $750, and has advised investors to buy in prior to next week's earnings report.
Prominent investment firm Goldman Sachs resumed its coverage of Apple stock on Monday, kicking things off with a 12-month price target of $430 and a prediction that the company's gross margins have bottomed.
A team of analysts for investment bank Goldman Sachs said Monday that their sources lead them to believe Apple will introduce a second-generation iPad during the spring of 2011 that will feature a camera, mini USB and a lighter design.
Viacom's chief executive explained that Apple's 99 cent TV rental plan "doesn't work" for the company, while CBS is waiting to see the numbers for rentals of ABC and Fox show.
Financial analysts at Goldman Sachs report in graphic detail that Apple has inhaled the bulk of profits of the global mobile phone business with iPhone, and now appears poised to do the same in tablets with the iPad.
Shares of Apple slipped about 4 percent Monday after investment bank Goldman Sachs removed the company from its buy list for the first time in more than two years, citing concerns over consumer spending and a belief that Macworld Expo will not see the company embark on a major new product initiative.
Although this year's holiday shopping season is expected to present challenges for many consumer-oriented hardware companies, Apple is already showing signs of bucking the trend with Black Friday Mac sales reported to be better than expected.
Citi and Goldman Sachs have rebutted notions that Apple is in danger due to the US economic collapse and say that strong iPhone sales, new MacBooks and continued healthy growth should keep the company successful in the long term.
Citing high expectations for the next-generation iPhone leading up to and through its expected launch next month, investment bank Goldman Sach this week added Apple to its coveted Conviction Buy List and also upgraded its price target on the company to $220 per share.
Following a meeting with Apple chief operating officer Tim Cook earlier this week, investment bank Goldman Sachs reiterated a Buy rating on shares of the electronics maker, saying the company's industry leading product cycles should help it overcome softer seasonality and sets the stock up for s strong second half.
Investment Bank Goldman Sachs this week raised its price target on shares of Apple Inc., recommending that investors hang onto shares of the company at least through its upcoming Macworld Expo and fiscal first quarter earnings announcement.
After meeting with key component suppliers and manufacturers in Asia, researchers for investment bank Goldman Sachs said this week they believe Apple will introduce two revisions to the iPhone in 2008 — one minor, one major — in addition to an Apple TV overhaul during the second half of the year.
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