Goldman Sachs raises its price target for Apple, citing overall market momentum (AAPL)
- Goldman Sachs upgraded its Apple price target to $187 per share, up from $171, attributing the boost to updated calculations that reflect the S&P 500’s price-to-earnings ratio.
- Apple stock last closed at $204.50 per share.
- The investment bank also warned of lagging App Store revenues that could bite into Apple’s Services sector in its next earnings report.
- Watch Apple trade live here.
Goldman Sachs upgraded its 12-month price target for Apple stock Wednesday on grounds of bolstered market strength.
The investment bank raised its Apple price target to $187 per share, up from $171. Apple closed Tuesday at $204.50 per