Apple (AAPL) Earns $320 Target as Services Strength Offsets App Store Slowdown

Group 1 - Apple Inc. is being closely monitored by analysts as a significant AI stock, with Goldman Sachs maintaining a Buy rating and a price target of $320.00, driven by an optimistic outlook on Services growth despite short-term softness in the App Store [1] - In November 2025, Apple App Store spending grew by 6%, a deceleration from 9% year-over-year growth in October 2025, primarily due to a 2% decline in the Games category, which is Apple's largest segment [2] - Four of Apple's top five markets, which account for 52% of total App Store spending, experienced a sequential deceleration in spending growth rates, indicating potential near-term downside risks and disruptions from off-app payments [3] Group 2 - Despite the slowdown in App Store spending growth rates in October and November, Apple's Services revenue guidance is expected to be supported by faster growth in other service categories [4] - In F4Q25, Apple's Services revenue accelerated to 15% year-over-year, up from 13% in F3Q25, indicating strong performance across other service categories such as iCloud+, AppleCare+, Apple Music, and Apple Pay, despite decelerating App Store revenue growth [5]