Analyst downgrades Apple stock citing ‘decidedly unattractive' outlook
Apple(AAPL) Finbold·2025-01-08 19:57
Apple Inc. (NASDAQ: AAPL) received a downgrade on January 7, as MoffettNathanson lowered its rating to ‘sell’ from ‘neutral,’ citing a ‘decidedly unattractive’ outlook for the tech giant. The firm also slashed its price target from $202 to $188, representing a potential 22% downside from Apple’s current trading level of $242.21.The downgrade comes as Apple grapples with a series of challenges, including regulatory risks, weakening iPhone sales in China, and a lukewarm reception to its latest product offerin ...