Goldman Sachs is bullish on Apple ahead of earnings, expecting Q3 revenue and EPS to exceed expectations
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Goldman Sachs released a research report on Apple, giving it a "Buy" rating with a target price of $251. It is expected that Apple's revenue for the third quarter of fiscal year 2025 will be $89.5 billion, and earnings per share will be $1.45, both exceeding market expectations. Key factors include growth in service business, strong product line performance, and improvement in gross margin. Despite facing uncertainties in trade policies and risks in advertising revenue, it is expected that Apple will enter an iPhone upgrade cycle in the next 12 months
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