Apple (AAPL) Stock Gets $294 Price Target from Goldman Sachs

Apple banal (AAPL) has been up successful the past month, with slope firms revising their terms predictions per stock successful a affirmative direction. Currently trading astatine $245 astatine property time, AAPL is up 10% since January 21. Analysts astatine Goldman Sachs are bullish connected the banal and person precocious upped their terms prediction for the iPhone shaper to $294.

On apical of the terms prediction of $294, Goldman Sachs maintained a “Buy” standing for AAPL stock. The steadfast noted that the company’s iPhone 16e announcement has been mostly successful enactment with expectations. While Apple’s income person struggled crossed the pond, successful the autochthonal US they are successful enactment with expectations. The steadfast notes that contempt the newest exemplary being a spot higher than mean prices, the caller exemplary volition payment AAPL successful the agelong tally arsenic it moves towards caller AI-friendly updates.

Additionally, Apple Inc. reported dependable Q1 2025 results, with income maturation of 4% year-over-year and EPS coming up of expectations. In the tech industry, Apple ranks fig 1 successful the state successful presumption of marketplace capitalization, astir $200M up of rival Nvidia. Besides the coagulated earnings, Apple besides announced plans to grow Apple Intelligence to caller markets and languages successful April 2025. This is expected to thrust further adoption and heighten the idiosyncratic acquisition for Apple products utilizing AI technology. Thus, Apple’s banal whitethorn beryllium much intriguing to investors looking to leap into a apical tech company.

BofA Also Bullish connected Apple Stock

Source: NBC News

Another steadfast that is bullish connected AAPL banal is Bank of America. Indeed, the slope maintains its Buy standing connected Apple, citing “stable currency flows, net resiliency & imaginable beneficiary of AI usage connected borderline devices.” Also, BofA has near its fiscal estimates unchanged, keeping its terms people astatine $265 per share.

Furthermore, Apple (AAPL) has already added $500 billion to its marketplace headdress successful November with 1 cardinal grounds nearing. Apple is presently eyeing the $4 trillion grounds that nary institution successful past has reached before. The institution has a marketplace worth of $3.7 trillion, 1 of its highest marks ever. Moreover, analysts task that the ongoing surge of AI request volition transportation the institution and its banal to grounds levels.