Apple’s Stock Gaining Momentum: Goldman Sachs Reaffirms $266 Price Target
Apple’s stock (NASDAQ:AAPL) has picked up more than a few bulls in recent weeks, with the price rallying 13% since the beginning of August. Goldman Sachs have added to that, reaffirming a Buy rating and $266 price target as anticipation surrounding its upcoming product event grows.
The firm’s analysis suggests that while Apple’s September product events traditionally have limited immediate impact on stock performance, this year’s event holds particular promise. Goldman Sachs points to anticipated form factor updates in the iPhone 17 models, the potential for a price increase on the iPhone 17 Pro, and ongoing carrier competition driving device promotions as key factors supporting future growth.
Goldman Sachs forecasts a 5%…
