Language:
Instant News and Commentaries
Apple Slumps 4%+, Downgraded by Broker w/ Lower TP
22 Jan 2025 02:02
Apple (AAPL.US) was downgraded to Underperform with its target price axed by 13% by Jefferies. It share price slumped more than 4% against the market on Tuesday to US$220.09, rocking bottom since October 2024.

In its report, Jefferies downgraded the stock to Underperform from Hold on the basis of feeble iPhone sales and weaker forecast on its new AI features, and axed its target price by 13% to US$200.75.

In addition, Counterpoint Research's report said that Apple's iPhone sales volume in China sagged 18.2% YoY in the last quarter.
~



AAStocks Financial News
Web Site: www.aastocks.com
SG Top Picks
Stock & Type Code Strike(Call Level) Last Effective Gearing
APPLE (C) 10507 297 (-) 0.030 11.5 X
APPLE (C) 10321 262 (-) 0.022 17.0 X
APPLE (P) 10495 218 (-) 0.239 5.6 X
APPLE (P) 10410 193 (-) 0.057 10.3 X

 

Information Provided by AAStocks Financial News [Disclaimer]
Subscribe Newsletter
Get the latest news from us by inputing your email address here.
(Please read our Privacy Policy)