The target reduction reflects softer Q4 revenue growth and margin guidance, while the maintained Buy rating suggests the call is a modest reset rather than a broader downgrade.
Goldman lowered its price target on Apple to $360 from $370 while maintaining its Buy rating. The stated reason was softer Q4 revenue growth and margin guidance. The move points to a more cautious near-term view on Apple's earnings trajectory, but the unchanged Buy rating indicates Goldman has not shifted to a negative stance on the stock.