Goldman Sachs moves Apple off 'preferred buy' list
Apple has been removed from its preferred buy list by Goldman Sachs due to weak share price performance and concerns about sluggish demand for its key products。
Apple (ticker: AAPL) has been removed from its preferred buy list by Goldman Sachs Group (ticker: GS) due to weak share price performance and concerns about sluggish demand for its key products。
Apple has been a member of Goldman's select list of directors since last June, which includes 20 to 25 individual stocks.。During this period, however, Apple's stock price was virtually unchanged, while the S & P 500 (S & P 500) rose nearly 22%。After Apple was removed from the list, its shares fell by 0 on Friday (March 1)..6%。
Compared to other tech giants, Apple's share price has lagged behind the so-called "Big Seven," with the worst performance outside of Tesla (ticker symbol: TSLA), and the market has expressed concern about the prolonged downturn in iPhone sales, especially as China's economic problems continue to worsen.。
Goldman Sachs said it reviews its "Goldman Sachs Director's Picks" list every month and will be removed if the stock "is no longer the best investment target."。
Despite this, Goldman Sachs analyst Michael Ng maintained his "buy" rating on Apple and said in the report that "the market is overly focused on slowing product sales growth, ignoring the strength of Apple's ecosystem and the sustainability and visibility of related revenue" Look, and "analysts are optimistic about Apple's user growth, as well as continued growth in the services business and demand innovation, which can offset the risk of a decline in product demand due to a longer replacement cycle, as well as a decline。"
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