Goldman Sachs keeps a Buy rating and $253 price target on Apple (AAPL) ahead of the company’s WWDC 2025 Keynote on June 9th. The firm expects the company to demonstrate continued progress toward incorporating AI into its operating systems through developer access to its AI models for app development as well as the potential announcement of Gemini AI integration on iPhones given Alphabet (GOOGL) CEO Sundar Pichai’s recent comments regarding hopes to finalize a partnership with Apple by mid-2025, the analyst tells investors in a research note. Goldman adds however that Apple will need to demonstrate further success with Apple Intelligence before investors are willing to underwrite the service as a “demand driver”.
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