Recently, Goldman Sachs issued a research report concerning Apple's stock. The investment bank has kept a 'Buy' rating on the stock and established a 12-month target price of $279.00, forecasting an upside potential of 6.4%. Apple is scheduled to unveil its fiscal 2025 fourth-quarter earnings on October 30 (Eastern Time). Prior to the earnings announcement, Goldman Sachs voiced its support, expecting that Apple's revenue and earnings per share will outperform market forecasts. Goldman Sachs holds the view that the influence of third-party payments on the App Store will be relatively small. This is because users generally favor a seamless experience. Moreover, Apple is taking steps to reduce potential risks by broadening its range of service offerings. As Apple's flagship offering, Goldman Sachs anticipates that iPhone revenue will climb to $50.8 billion, marking a 10% year-on-year increase. This figure surpasses the market expectation of $49.8 billion, mainly propelled by the impressive performance of the iPhone 17 series.
