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Goldman Sachs reiterates ‘Buy’ rating on Apple stock

  • Goldman Sachs reiterated a 'Buy' rating on Apple stock due to its strong growth potential and resilience.
  • The firm highlighted Apple's ecosystem strength, revenue durability, and attractive valuation compared to tech peers.
  • Apple is not only a tech giant but also a consistent dividend payer with a 13-year streak of dividend growth.
  • Goldman Sachs set a price target of $253 for Apple stock.
  • Adobe released a standalone app, Firefly, for Apple's iOS and Google's Android platforms.
  • Apple is working on enhancing Siri with more natural and contextual features by 2024.
  • Apple is facing a proposed class action lawsuit for allegedly monopolizing the market, as ruled by a California federal judge.
  • Apple is planning to merge Mac and iPad into a foldable 19-inch device set for release in 2028.
  • UK Prime Minister Keir Starmer is expected to finalize a trade deal with U.S. President Donald Trump as announced last month.

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