Goldman Sachs analysts have raised their price target on Apple Inc.'s (AAPL) stock to $163 from $145, saying they are confident the bull case for the iPhone maker will continue. In a note dated April 28 -- the day after Apple reported stronger-than-expected second-quarter earnings -- the analysts said iPhone sales were the highlight for the quarter, but also that Apple had successfully dealt with the stronger dollar. "While currency headwinds were unavoidable, the FX impact to gross margin guidance was far better than feared, underscoring Apple's unique ability to counter currency pressures with favorable mix and its supplier clout," they said. "Overall, we expect consensus estimates to continue to rise, driving the stock higher," the analysts added. They also increased full-year earnings estimates for Apple to reflect the solid quarter. For fiscal full-year 2015, Goldman Sachs now expects earnings of $8.98 a share, up from $8.79 forecast previously. The EPS outlooks for 2016 and 2017 were raised to $10.62 and $11.86, from $10.58 and $11.76, respectively. The bank reiterated its "buy" rating on Apple.