Analysts at Goldman Sachs and Wells Fargo raised their price targets on Apple heading into the iPhone maker's fiscal fourth-quarter earnings release. Apple is set to report earnings after the bell on Oct. 30. Goldman Sachs, which has a buy rating on Apple, raised its 12-month price target to $279 per share from $266. This revised forecast is approximately 6% higher than Apple's Monday closing price of $262.24. Analyst Michael Ng expects Apple to post a beat on both the top and bottom lines. Specifically, he believes that Apple will deliver earnings of $1.81 per share on revenue of $103.5 billion, while consensus calls for earnings of $1.77 on revenue of $101.8 billion. Services revenue, a key metric analyzed by Wall Street, should also bode well, he added. "Services revenue growth (+13% yo
Goldman Sachs, Wells Fargo lift price targets for Apple heading into iPhone maker’s earnings
CNBC Investing10 hrs ago
53


Detroit Free Press
Reuters US Top
The Motley Fool
WFVX WVII News
TownTimes news.com
Santa Maria Times Local
CBS News
Raw Story