Apple Stock Is a Buy, Goldman Sachs Says. The Market Is Missing Something.

Apple


stock is a Buy and could climb more than 30%, according to Goldman Sachs analysts, who said the market is too focused on revenue headwinds.

The bank’s analysts initiated coverage on tech giant


Apple


(ticker: AAPL) with a Buy rating and a $199 price target, implying a 32% upside to Friday’s close.