Apple Stock Falls as Jefferies Downgrades; JPM Lowers Price Target
Portfolio Pulse from
Apple's stock declined following a downgrade by Jefferies from 'hold' to 'underperform', citing weak iPhone sales and low demand for AI features. JPMorgan also lowered its price target for Apple.
January 21, 2025 | 4:45 pm
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Apple's stock was downgraded by Jefferies to 'underperform' due to weak iPhone sales and low demand for AI features, leading to a potential revenue shortfall. JPMorgan also reduced its price target.
The downgrade by Jefferies and the reduced price target by JPMorgan are significant negative signals for investors, indicating potential revenue challenges for Apple. This is likely to put downward pressure on Apple's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100