Apple (AAPL) Gets Price Target Cut By Goldman Sachs: But Why?
In a rather surprising development for the tech company, Apple (AAPL) has seen its price target get a cut from Goldman Sachs. Yet, with the company still remaining one of the strongest on Wall Street, investors are left to ask why. Specifically, what could be in store for the company as it enters such a period of uncertainty? The company has had no shortage of bad news thrust its way in the early weeks of the year. Indeed, it has continued to lose market share in China, which has emerged as a critical and robust market for technology firms. That, aligned with an ongoing Indonesian iPhone ban and regulatory probes, has the stock market concerned over the company’s short-term future. Source: MoneyCheck Also Read: Nvidia Passes Apple in Market Cap: How Trump Helped Drive the Stock Apple Gets Price Target Cut as Bearish Perspective Set in: What to Expect From AAPL There are few companies that have done better on Wall Street in recent years than Apple. That dominance was expected to co...