From Yahoo Finance: 2025-05-22 11:21:00

Goldman Sachs predicts Apple Inc. (AAPL) will announce new technical advancements at the Worldwide Developers’ Conference in June, enhancing AI models for developers and potentially integrating Alphabet’s Gemini AI technology into iPhones. Additional improvements like a smarter Siri are expected later this year to boost investor confidence.

Goldman Sachs maintains a $253 price target and Buy rating on AAPL, emphasizing the company’s potential for significant benefits from AI technology enhancements. While acknowledging Google’s (GOOG) potential, Goldman believes other AI stocks offer greater promise with limited downside risk. Investors seeking AI opportunities beyond Google can explore a report on the “cheapest AI stock.”

Read more: Why Goldman Remains Bullish on Apple (AAPL)