Goldman Sachs has revised its target price for Apple (AAPL, Financial), reducing it slightly from $259 to $256, while maintaining a Buy rating on the stock. This adjustment comes as the company prepares to announce its second-quarter results. Despite the minor price target cut, the outlook for Apple's performance remains optimistic.
The investment firm anticipates that Apple's strong fundamentals will be bolstered by its ongoing new product innovations. These developments are expected to enhance market channels and drive sales forward, especially in light of potential tariff-related price hikes. Additionally, increased competitive activity among U.S. carriers and robust performance in Apple’s Services segment are seen as key contributors to the company's growth.
Investors are advised to watch how these factors will play out in Apple’s upcoming earnings, as they could significantly impact the company's future valuation and market position.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 43 analysts, the average target price for Apple Inc (AAPL, Financial) is $237.71 with a high estimate of $300.00 and a low estimate of $141.00. The average target implies an upside of 19.01% from the current price of $199.74. More detailed estimate data can be found on the Apple Inc (AAPL) Forecast page.
Based on the consensus recommendation from 49 brokerage firms, Apple Inc's (AAPL, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Apple Inc (AAPL, Financial) in one year is $206.34, suggesting a upside of 3.3% from the current price of $199.74. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Apple Inc (AAPL) Summary page.
