Goldman Sachs ups Apple target price from $750 to $850

“Goldman Sachs analyst Bill Shope on Wednesday upped Apple Inc.’s (AAPL) 12-month price target to $850 a share from $750 a share after the computer maker’s stronger-than-expected first-quarter results,” Steve Gelsi reports for MarketWatch.

“Goldman reiterated its conviction-list buy rating on Apple and said its new target price is based on Apple’s ‘improved margin profile and cash flow generation,'” Gelsi reports.

Full article here.

[Thanks to MacDailyNews Reader “Arline M.” for the heads up.]


  1. In a week, the jackasses will jump out of their little holes claiming that Apple is overvalued and trading in a bubble. They lead their pathetic little lives trying to hold Apple’s share price down.

    I don’t know about $850, but $700 is certainly doable short-term. I can’t see as far out as 2015, so I tend to dismiss those really high numbers due to economic unpredictability.

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