Goldman Sachs: This Is the Beginning of a Big Year for Apple

Apple’s recent Wall Street losing streak over the past week didn’t shake Goldman Sachs’ faith in the company in the slightest. Indeed, in a note to clients this morning, analyst Bill Shope reiterated his “buy” rating on Apple and boosted his 12-month price target on the stock to $750 from $700, arguing that this is “the beginning of a very big year” for the company. According to Shope, recent investor concerns that have weighed on Apple shares — soft Mac sales, the prospect of an iPhone subsidy revolt among carriers — are overblown and will be proven wrong when the company reports earnings next week.