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  • Goldman Sachs Extremely Bullish on AAPL

    On Wednesday, shares of AAPL climbed better than $3 on an array of optimism that swept across the stock market. But the jump is nothing compared to what lies ahead.

    At least, that's what Goldman Sachs believes.

    "Apple's share price could see a 43 percent rise over the next 12 months as investors shift their focus on the amount of iPhones the company is selling to the number of services it is getting users to pay for," the legendary firm is proclaiming, according to CNBC.

    As of the latest projections, Goldman Sachs put a $163 price target on AAPL. The reason for optimism? Apple is rapidly becoming a services company. In short, hardware may not always be Apple's biggest cash cow.

    "Apple's multiple embodies the scars from prior fallen giants in hardware (Motorola, Nokia, BlackBerry, and HP, to name a few). However, we think Apple's business model has less in common with traditional hardware companies, and more in common with companies that monetize mobile users through content and services," Goldman Sachs is quoted in the research note shared with investors.

    Source: CNBC
    This article was originally published in forum thread: Goldman Sachs Extremely Bullish on AAPL started by Michael Essany View original post