Cramer Urges Holding Apple as App Store Spending Jumps 7%, Targets $330-$325
CNBC host Jim Cramer reiterated that investors should hold Apple, citing competitive edge of its lower-cost iPhone and rising China market penetration. In January, App Store spending grew 7% (vs. 6% in December), and Goldman Sachs reiterated a Buy with a $330 target while Bernstein maintained an Outperform at $325.
1. Cramer Endorsement
Jim Cramer reiterated his bullish view on Apple shares, advising long-term holding over trading. He highlighted the company’s competitive advantage in offering a lower-cost iPhone model and increasing market penetration in China, forecasting further share price gains.
2. App Store Growth
Apple’s App Store spending rose 7% in January compared to December’s 6%, signaling strengthening consumer engagement. This uptick is expected to meaningfully bolster the company’s Services segment, which accounts for nearly a quarter of total revenue.
3. Analyst Ratings and Price Targets
Goldman Sachs reaffirmed a Buy rating with a $330 price target, while Bernstein maintained an Outperform rating at $325, citing record iPhone revenue and optimistic growth guidance. These analyst stances underscore confidence in Apple’s ability to navigate industry challenges and drive sustained earnings growth.