--- title: "Goldman Sachs raised its earnings forecast for Apple for the current fiscal year and the next three fiscal years by an average of 3%, with the target price raised to $320" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/263931611.md" description: "Goldman Sachs raised its earnings per share forecast for Apple over the next three fiscal years by an average of 3%, increasing the target price from $279 to $320. The report noted that Apple's earnings per share in the fourth quarter of fiscal year 2025 exceeded expectations, with strong performance in the Services business offsetting the impact of lower-than-expected iPhone revenue. Revenue for the current quarter is expected to grow by 10% to 12% year-on-year, with both iPhone and Services revenue showing double-digit growth. The company will significantly increase its AI investment and reiterated its openness to mergers and acquisitions" datetime: "2025-11-03T02:31:02.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/263931611.md) - [en](https://longbridge.com/en/news/263931611.md) - [zh-HK](https://longbridge.com/zh-HK/news/263931611.md) --- > 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/263931611.md) | [English](https://longbridge.com/en/news/263931611.md) # Goldman Sachs raised its earnings forecast for Apple for the current fiscal year and the next three fiscal years by an average of 3%, with the target price raised to $320 Goldman Sachs report indicates that Apple's (AAPL.US) earnings per share for the fourth quarter of fiscal year 2025, ending in September this year, exceeded expectations, with the Services business outperforming expectations, fully offsetting the impact of lower-than-expected iPhone revenue. The main reason for the iPhone quarterly revenue falling short of expectations is supply constraints, with channel inventory decreasing quarter-on-quarter. The firm stated that the revenue guidance for the current quarter ending in December is expected to grow by 10% to 12% year-on-year, surpassing expectations, with iPhone revenue guidance indicating double-digit year-on-year growth and Services revenue guidance expected to grow by approximately 14% year-on-year. The company also reiterated its significant increase in AI investments while continuing to invest in its product roadmap, estimating operating expenses for the current quarter to be between $18.1 billion and $18.5 billion, compared to $15.9 billion in the previous quarter. The company's AI investments cover both first-party and third-party computing, reaffirming the launch of an AI-enhanced Siri next year and maintaining an open attitude towards acquisitions to accelerate its roadmap. The firm raised its earnings per share forecast for the company for the current fiscal year and the next three fiscal years by an average of 3%, based on continuous improvement in gross margins, premiumization, operational leverage, and an increasing proportion of Services revenue. The investment rating is "Buy," with the target price raised from $279 to $320, and the target price-to-earnings ratio increased from 30 times to 32 times, reflecting improved profitability and a continued shift in the business mix towards high-margin Services ### 相關股票 - [Apple (AAPL.US)](https://longbridge.com/zh-HK/quote/AAPL.US.md) - [GraniteShares 2x Long AAPL Daily ETF (AAPB.US)](https://longbridge.com/zh-HK/quote/AAPB.US.md) - [Direxion Daily AAPL Bear 1x Shares (AAPD.US)](https://longbridge.com/zh-HK/quote/AAPD.US.md) - [Direxion Daily AAPL Bull 2X Shares (AAPU.US)](https://longbridge.com/zh-HK/quote/AAPU.US.md) - [T-Rex 2X Long Apple Daily Target ETF (AAPX.US)](https://longbridge.com/zh-HK/quote/AAPX.US.md) - [Kurv Yield Premium Strategy Apple Aapl ETF (AAPY.US)](https://longbridge.com/zh-HK/quote/AAPY.US.md) - [YieldMax AAPL Option Income Strategy ETF (APLY.US)](https://longbridge.com/zh-HK/quote/APLY.US.md) ## 相關資訊與研究 - [Warren Buffett Says He'd Buy 'A Whole Lot' Of Apple If It Gets Cheaper— And He's Not Losing Sleep Over Cashing Out $100 Billion Stake](https://longbridge.com/zh-HK/news/281202027.md) - [Warren Buffett Admits He Sold Apple Too Early, Eyes Future Buying But Not Yet](https://longbridge.com/zh-HK/news/281336451.md) - [Telegram CEO Pavel Durov Slams Apple For Removing VPN Apps In Russia: 'That's Not Cool'](https://longbridge.com/zh-HK/news/281337472.md) - [Mark Gurman Dismisses Apple Intelligence China Launch As Error, Points To Missing Approval And Unusual Timing](https://longbridge.com/zh-HK/news/281124466.md) - [UK Competition Watchdog Seeks Feedback for Apple, Google App Store Commitments](https://longbridge.com/zh-HK/news/281375727.md)