Apple (AAPL) PT Lowered to $205 at Aletheia Capital, 'We believe Apple’s hardware margins have peaked'

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Goldman on Apple (AAPL): 'Expect iPhone beat, continued Services momentum'

January 20, 2026 6:33 AM EST

Goldman Sachs analyst Michael Ng reiterated a Buy rating and $320.00 price target on Apple (NASDAQ: AAPL)

The analyst comments "AAPL stock is down 5% YTD to start C2026 likely on commodity cost inflation and App Store concerns, but we view the stock weakness as a buying opportunity into a continuation of the iPhone refresh cycle (iPhone revenue +9% in both F2026/F2027). We... More