Here’s Why Goldman Sachs Just Slashed Apple’s Price Target – Fortune


Here's Why Goldman Sachs Just Slashed Apple's Price Target
The investment banking giant lowered its 12-month price target for the tech giant from $136 a share to $124 on Thursday, noting that global demand for the iPhone, especially in China, is expected to come in lower than expected over the next two years.
Goldman Sachs cuts AAPL target, earnings forecasts on bleaker iPhone predictionsAppleInsider (press release) (blog)
Apple Stock PT Cut, Goldman Expects Shift To iPhone SE From iPhone 7ValueWalk
Apple: Goldman Cuts iPhone Numbers on Smartphone Slowdown; Meeker Posits 'Peak' iPhoneBarron’s (blog)

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