Apple shares fall most in two years in wake of earnings report
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Goldman Sachs Keeps Top Rating on Apple (AAPL) Highlighting Massive 1B Installed Base
January 27, 2016 9:16 AM ESTGoldman Sachs analyst Simona Jankowski reiterated a Conviction Buy List rating and $155 price target on Apple (NASDAQ: AAPL) following results after the close. The analyst views the guidance as better than feared and highlights that the installed base is up 25% year-over-year.
Jankowski said they remain buyers of the stock with two key takeaways:
1) March qtr iPhone units were implied at 52mn or better, above... More
