Goldman Sachs reiterates ‘Buy’ rating on Apple stock

Goldman Sachs recently identified a group of stocks with strong growth potential, according to its analysts. The firm considers these companies resilient and urges investors to buy them promptly, with Apple stock ranking among the top recommendations.
Philip Elmer-DeWitt via Apple 3.0:
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The firm made the following comment:
We are Buy-rated on AAPL as we believe that the market’s focus on slower product revenue growth masks the strength of the AAPL ecosystem & associated revenue durability & visibility… Valuation is attractive relative to AAPL’s historical multiple — both on an absolute & relative basis — and compared to key tech peers.
Apple Inc. is not only a tech giant but also a very solid dividend payer. The stock’s dividend yield may be low at 0.52%, but it maintains a 13-year streak of dividend growth.

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MacDailyNews Note: Goldman Sachs’ price target for Apple (AAPL) is $253. Make it so, Mr. Market!

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