Apple Inc. (NASDAQ:AAPL) is one of the Trending AI Stocks on Wall Street’s Radar. On October 21, Goldman Sachs reiterated the stock as ‘Buy” and raised its price target on Apple to $279 per share from $266. The price target raise comes ahead of earnings on October 30.
Goldman Sachs expects the tech giant to exceed revenue and earnings estimates for the quarter. The anticipated revenue and earnings beat will likely be driven by strong iPhone performance with an estimated 10% year-over-year growth.
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The firm forecasts Apple’s gross margins to reach 46.5%. This includes the impact of guided tariff costs amounting to $1.1 billion. Meanwhile, services revenue is likely to maintain 13% year-over-year growth, even though App Store spending trends are slowing down.
Looking ahead, the firm anticipates continued strength in demand for iPhones.
“Into F2026, we expect continued strength in iPhone demand, supported by both US carrier competition and continued form factor changes with the expected launch of the iPhone 18 foldable.”
Apple is a technology company known for its consumer electronics, software, and services.
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