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Apple Falls Midday; Goldman Cuts Price Target

Published 09/13/2019, 11:24 AM
Updated 09/13/2019, 11:30 AM

Investing.com - Apple (NASDAQ:AAPL) fell in midday trade Friday after its price target was cut by Goldman Sachs (NYSE:GS) to $165 from $187.

Apple lost 1.8%.

Analyst Rod Hall maintained his neutral rating on the company, but noted that its plan to offer a trial period for Apple TV+ will likely cause a negative impact on its earnings.

Apple announced this week that it plans to offer one year free of its streaming service with the purchase of certain hardware. The service is otherwise priced at $4.99 per month.

Streaming services Netflix (NASDAQ:NFLX) gained 2.3% midday and Walt Disney (NYSE:DIS) inched up 0.4%.

Latest comments

A whole lot of nothing. I think it's the lowest estimate out there. I'm not even an Apple fan, but the tv idea sounds great. Buying opportunity for the rest of us, thanks Goldman.
Goldman doesn't understand investments.
fake analysis to scare the market drop apple price and then Goldman will have been net buyer today for apple as they were late in teh game
likely ??? how about the fact that Apple will sell one iphone for free streaming which if paid for will cost $72. also does.glodman consider the fact the same will.most probablu be recurring revenue from an year later ,
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