What Is Apple Worth? Less Than Investors Think, Says Goldman

Apple  (AAPL) – Get Report is a great company with solid long-term sales and earnings prospects, especially with the newest iPhone set to hit the market this fall, but it is still trading higher than where it should be.

That was the message from Goldman Sachs analyst Rod Hall on Tuesday, who wrote in a research report that the technology giant still doesn’t appear to have enough sales and earnings momentum to justify the stock’s current valuation, especially relative to other tech giants like Amazon (AMZN) – Get Report and Microsoft (MSFT) – Get Report.

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