Goldman Sachs resumes Apple coverage, targets AAPL at $430
Investing firm Goldman Sachs has decided to start covering Apple's stock profile, and that news sent the AAPL stock price up to $325.06 this morning, a nice boost from the day before. And that's not all -- not only did Goldman Sachs pull AAPL into its reporting fold, but it was about as bullish as you can get on a stock, saying through a spokesman that "we believe significant growth and profit opportunities for this platform still lie ahead." The company had been covering Apple previously, but when that special analyst left the firm, it took them a while to find a replacement. But it looks like they've found someone else they feel is qualified to make a prediction.
The company predicts a $430 price target for AAPL, so if any of you happen to fall into some money over this coming holiday, you'll now know just where to put it. (Note: this is not actual financial advice, obviously, and there's no guarantee of success in the stock market.) Apple seems to be the success story that keeps on growing -- AAPL has hit a few all-time highs in 2010, and the forecast is pretty sunny all the way around.
