In a note to clients — as reported by “The Fly on the Wall” site (http://beta.theflyonthewall.com/) — analysts at Goldman Sachs have raised their price target on Apple from US$480 a share to $520 a share.
“Goldman believes Apple has seen little impact from recent macroeconomic uncertainty and expects iPads, Macs, and iPhones to exceed expectations,” the firm says. “The analyst raised estimates and reiterates its Conviction Buy rating and sees significant upside to shares.”