After a blowout quarter from tech giant Apple, Goldman Sachs’ long-time bearish analyst covering the stock is admitting defeat.
“We are upgrading our rating from Sell to Neutral after Apple posted another large beat and implied a raise vs. our June revenue expectations. Our original view that the iPhone cycle would disappoint in the midst of COVID was clearly wrong. Not only has Apple done better than we expected on iPhone during the cycle but Mac and iPad have also materially outperformed…
Source link
