Apple ( (AAPL) ) has been popular among investors this week. Here is a recap of the key news on this stock.
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Apple (AAPL) has been the focus of analysts with J.P. Morgan’s Samik Chatterjee maintaining a Buy rating and setting a price target of $250, indicating a potential upside from its current share price of $213.76. The consensus among analysts is a Moderate Buy with an average price target of $227.27, suggesting a 6.3% upside. Goldman Sachs analyst Michael Ng also reaffirmed a Buy rating, expecting strong Q3 earnings driven by robust product lines and services growth. Ng anticipates Apple’s revenue to grow by 4% year-over-year, with earnings per share expected to rise by 2%. Despite these positive outlooks, Apple faces challenges in attracting top AI talent due to internal disagreements and strategic concerns, which has resulted in key personnel leaving for competitors like Meta.