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Goldman Sachs raised its price target for Apple to $390, citing strong demand for the iPhone Duo and iPhone 18 series as key growth drivers for fiscal 2027. The Services segment, including App Store and subscriptions, also continues to deliver record revenue.
The report highlights Apple’s growing focus on AI as a long-term growth catalyst. With its stock near record highs, the upcoming Q4 earnings release will be closely watched for guidance on hardware and services performance.
Investment implication: The raised price target reflects confidence in Apple’s ability to sustain growth through its hardware and services offerings. For you, this reinforces the need to assess Apple’s execution in balancing innovation with operational challenges.