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Apple Stock Rises After Bullish Goldman Sachs Note

Shares of Apple rose Monday, outpacing broader markets, extending recent gains that have the stock on pace for its first three-month upward run since late 2021.

Apple’s stock was recently up about 2%, making it the best performer among the Dow industrials.

Apple stock riseson Golman sachs note 

Factset chart

Investors have cheered some recent Apple news, including that Foxconn Technology, its main manufacturer, is considering an expansion in India.

On Sunday, meanwhile, Goldman Sachs analysts started coverage of the shares with a buy rating and a $199 12-month price target that is among the Street’s highest.

If Apple’s stock finishes March higher, it will post its first three-month run in the green since the three months ended December 2021, according to Dow Jones Market Data.

The share remain below its all-time closing high of $182.01, set in January 2022.