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<Research>G Sachs Raises Apple's (AAPL.US) TP to US$320, Anticipates Strong iPhone Demand
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Apple's (AAPL.US) 4QFY25 EPS beat, with the exceptional performance of its services business completely offsetting the underperformance of the iPhone segment, Goldman Sachs said in a research report. In fact, iPhone demand was very strong during the period, and the revenue shortfall was mainly due to supply constrains, leading to a QoQ decline in channel inventory. Apple's management guided for a 10-12% YoY revenue growth for 1QFY26. The broker projected the guidance will be better than expected, further evidencing strong iPhone demand. The broker raised its EPS forecast for FY2026-28 by 3% on average, and increased the target price from US$279 to US$320, with a Buy rating. AASTOCKS Financial News Website: www.aastocks.com |
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