16 hours ago Luxshare is gearing up for a significant IPO in Hong Kong, aiming to raise over $1 billion. Apple (, Financial) remains a core client, with the tech giant's price targets showing promising potential. Insightful analysis from 41 analysts suggests Apple has an "Outperform" status from brokerage firms.Luxshare, a pivotal supplier for tech giant Apple (AAPL), is setting the stage for a prominent initial public offering (IPO) in Hong Kong. Relying heavily on Apple for its revenue streams, Luxshare has partnered with China International Capital, Citic Securities, and Goldman Sachs to spearhead its capital-raising efforts, targeting $1 billion or more.Wall Street Analysts' Forecast for AppleIn the landscape of Apple's market performance, 41 analysts have set a diverse range of price targets. The average target price for Apple Inc (, Financial) stands at $231.40, with projections scaling up to $300.00 and dipping to a low of $139.00. These estimates suggest a potential upside of 11.35% from Apple's current price of $207.82. Investors seeking detailed forecast data can delve deeper on the .Brokerage RecommendationsAmong 50 brokerage firms, the consensus recommendation for Apple Inc (, Financial) averages to a 2.2, classifying it under the "Outperform" category. This rating operates on a scale where 1 signifies a Strong Buy and 5 indicates a Sell, providing investors with a clear signal of Apple's market standing.Apple's GF Value EstimationAccording to GuruFocus estimates, the projected for Apple Inc (, Financial) within a year is anticipated at $210.71. This posits a modest upside of 1.39% from the current price of $207.82. The GF Value synthesizes historical trading multiples, past business growth, and future performance estimates to present a calculated fair value for the stock. For additional detailed data, investors can visit the . , Luxshare Precision Industry Co. is working with China International Capital Corp., Citic Securities Co. and Goldman Sachs Group Inc. on its planned Hong Kong listing, according to people familiar , The company has tapped China International Capital, Citic Securities and Goldman Sachs (GS) to help it raise $1B or more in the offering, the news outlet added, citing people familiar with the matter..