“Goldman Sachs has been slow to update its valuation for Apple’s share price, after cutting the target from $182 to $140 in early January along with other analysts following Apple’s financial slip,” Owen reports. “Wednesday’s investor note sees the firm bring its target back up to what it was over three months ago.”
Owen reports, “Goldman Sachs believes market checks ‘indicate no further deterioration of demand in China,’ a suggestion that the situation won’t get worse for Apple since its January slip, but at the same time warns ‘European consumer sentiment implies the possibility for worse demand there.'”
Read more in the full article here.
MacDailyNews Take: Goldman Sachs’ Apple analysts are reactive laggards.
MacDailyNews Note: Please bear with us as we do some backend work. Posting will be limited until DNS propagates fully.