Apple stock has more upside, Goldman Sachs says

By | February 20, 2015

Scalper1 News

Apple (AAPL) stock is trading near its record high, but Goldman Sachs sees more upside. Goldman Sachs analyst Bill Shope on Thursday raised his price target for Apple stock to 145 from 130 and reiterated his buy rating. Apple stock hit a split-adjusted all-time high of 129.03 on Thursday. In midday trading in the stock market today, Apple stock was down pennies from Thursday’s closing price of 128.45. Apple’s December-quarter beat, its strong iPhone sales and CEO Tim Cook’s recent presentation at the Goldman Sachs Technology and Internet Conference give Shope confidence that Apple’s momentum will continue. He says that he’s especially positive on iPhone sales, Apple Pay adoption and the potential for Apple Watch, though he’s a bit less positive on Apple Watch. “All of these factors and a powerful near-term catalyst set (April Watch launch and capital allocation update as well as likely upside for the March quarter)… Scalper1 News

Scalper1 News