We recently compiled a list of the 11 AI Stocks That Should Be On Your Watchlist. In this article, we are going to take a look at where Apple Inc. (NASDAQ:AAPL) stands against the other AI stocks. With only a few days in,
Today, analysts at Jefferies and Loop Capital each downgraded their ratings on Apple.
The latest Apple stock downgrade centers around iPhone sales and the weakening consumer electronics market. Here's what investors need to know.
Shares of iPhone and iPad maker Apple (NASDAQ:AAPL) fell 4.1% in the morning session after Jefferies analyst Edison Lee downgraded the stock's rating from Hold to Sell, and echoed concerns about weak iPhone sales.
Jefferies downgraded Apple (AAPL) to Underperform from Hold with a price target of $200.75, down from $211.84. The stock closed Friday up $1.72
Apple got hit with downgrades from Jefferies and Loop Capital on fears of slowing iPhone sales and a lack of demand around Apple Intelligence.
Today, hit a new four-month low, following a report from Bloomberg indicating the company has seen an 18% slide in iPhone sales in China during the holiday season. The stock is also reeling from two downgrades by Loop Capital and Jefferies.
Wall Street's sentiment on Apple (AAPL) is turning bearish, with firms like Loop Capital and Jefferies downgrading the smartphone giant. Creative Strategies CEO and principal analyst Ben Bajarin joins Market Domination to share his perspective on the company's outlook.
Stockton's analysis of overbought/oversold metrics indicated that the downward gap may persist, posing a risk that Apple's shares could fall below the 200-day moving average of $217, potentially reaching the next support level around $208.
China Tech & Telecom Analyst Lee and TMT Specialist Beavington discuss the Apple (AAPL) downgrade on an Analyst/Industry conference call to
Apple (AAPL), and the stock has lost over 11% so far, extending its drawdown from all-time highs to over 14%. It also lost its status as the world’s largest company to Nvidia (NVDA), whose share have looked unstoppable over the last few years.