Apple stock (AAPL) has been up in the past month, with bank firms revising their price predictions per share in a positive direction. Currently trading at $245 at press time, AAPL is up 10% since January 21. Analysts at Goldman Sachs are bullish on the stock and have recently upped their price prediction for the iPhone maker to $294.
On top of the price prediction of $294, Goldman Sachs maintained a “Buy” rating for AAPL stock. The firm noted that the company’s iPhone 16e announcement has been largely in line with expectations. While Apple’s sales have struggled across the pond, in the native US they are in line with expectations. The firm notes that despite the newest model being a bit higher than normal prices, the new model will benefit AAPL in the long run as it moves towards new AI-friendly updates.
Additionally, Apple Inc. reported steady Q1 2025 results, with sales growth of 4% year-over-year and EPS coming ahead of expectations. In the tech industry, Apple ranks number one in the country in terms of market capitalization, around $200M ahead of rival Nvidia. Besides the solid earnings, Apple also announced plans to expand Apple Intelligence to new markets and languages in April 2025. This is expected to drive further adoption and enhance the user experience for Apple products using AI technology. Thus, Apple’s stock may be more intriguing to investors looking to jump into a top tech company.
