Loop Capital Cuts Apple Rating Over iPhone Sales Outlook
- Loop Capital downgraded Apple from Buy to Hold on Monday, citing concerns the company will not recover 13 million iPhone shipments cut from its second-half 2026 plans.
- Analyst Ananda Baruah wrote that previous supply-related shortages no longer explain shipment delays, as demand concerns now drive lower average selling prices that reduced revenue forecasts from $315 billion to $285 billion.
- The firm lowered its price target on shares to $330 from $370, suggesting about 4% downside from Monday's close; Apple shares slipped around 1% following the downgrade.
- Loop Capital now forecasts 79 million iPhone shipments in the Dec quarter, below initial estimates of 85 million, as the iPhone Duo launches October 23 amid delayed standard models.
- Despite current pressures, analyst Ananda Baruah stated the firm continues to like Apple's "longer-term share gain and Services story," expecting the company to ship 260 million iPhones in CY2027.
17 Articles
17 Articles
Loop Capital Cuts Apple Rating Over iPhone Sales Outlook
Loop Capital has lowered its rating on Apple from "Buy" to "Hold," saying the company is unlikely to make up an estimated 13 million iPhone shipments cut from its plans for the second half of 2026, according to Investing.com. The firm reduced its Apple stock price target from $370 to $330. Loop previously believed shortages of memory and processors had delayed shipments that Apple would recover in 2027. Its latest supply chain checks have led it…
Loop Capital cuts AAPL target to $330 over complicated 2026-2027 iPhone cycle
Loop Capital downgraded its projections for Apple stock and cut its price target to $330 over iPhone shipments it doesn't expect the company to recover. Apple's staggered release schedule complicates that forecast.Apple StocksAnalyst Ananda Baruah lowered Apple's rating from Buy to Hold and cut its price target from $370 to $330. Loop initially attributed lower production plans to memory and processor shortages.Loop initially expected Apple to r…
Loop Capital reduces Apple to maintain and cuts the target price from $370 to $330: it does not expect to recover 13 million iPhones in 2027. The Loop Capital ticket sinks 11% of Apple’s target price and the ‘keep’ discount aparece primero en Moncloa.
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