Apple's Glowtime Event: Will The iPhone 16 Shine Or Fizzle?

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Goldman Sachs On iPhone Product Innovations Goldman Sachs analyst Michael Ng remains optimistic about Apple’s long-term prospects, reiterating a Buy rating and a 12-month price target of $276, reflecting 23.9% upside expectations for the stock.

While the Monday event may be “similarly immaterial to the stock price,” potential upside surprises could come from “the announcement of a price increase on iPhones,” “earlier-than-expected AI features and apps” and “better-than-expected carrier promotions,” he said.

With expectations for an iPhone 16, updated Apple Watches and AirPods, investors are curious if this event will light up Apple's stock or leave it dim.

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Article Details

Author / Journalist: Surbhi Jain

Category: Technology

Markets: United States

Topics: Analyst Color Piper Sandler Tech AAPL Trading Ideas Events IPhone US0378331005 Stories That Matter Long Ideas Benzinga AI Consumer Tech Expert Ideas News Goldman Sachs Previews Artificial intelligence Analyst Ratings Top Stories

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-04 @ 16:23:42 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 465 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 22367916

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