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Goldman Sachs Raises Price Targets for Amazon and Apple Post-Earnings Beat

Goldman Sachs Raises Price Targets for Amazon and Apple Post-Earnings Beat

Author:

Global Cryptocurrency

Published:

2025-10-31 08:49:02

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Amazon (AMZN) and Apple (AAPL), two pillars of the 'Magnificent 7' tech cohort, are gaining pre-market traction after surpassing earnings expectations. Goldman Sachs reinforced its bullish stance, lifting Amazon's price target to $290 from $275, citing resilient e-commerce, cloud (AWS), and advertising performance. Apple's fiscal Q4 revenue climbed 8% year-over-year to $102.5 billion, fueled by iPhone stability and services expansion.

The investment bank emphasized AWS's margin resilience and advertising growth as key drivers for Amazon, while Apple's ecosystem strength continues to offset macroeconomic headwinds. Neither company's results showed material cryptocurrency exposure, though the broader tech rally could indirectly buoy crypto sentiment given sector correlations.

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