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Apple Gets Rare Downgrade From Jefferies, Analyst Warns On Slowing Revenue Growth, Missed Forecasts, And Falling iPhone Demand - Apple (NASDAQ:AAPL)

  • Jefferies downgraded Apple Inc. To 'underperform,' citing concerns over slowing revenue growth and missed forecasts due to falling iPhone demand.
  • Analyst Edison Lee cut Apple's price target to $200.75 from $211.84, indicating a potential 12.7% downside for the stock.
  • Lee warned that Apple might miss its 5% revenue growth forecast for the first quarter of fiscal year 2025, expecting low single-digit guidance for the second quarter.
  • Despite the downgrade, 19 analysts still recommend buying Apple shares, contrasting with Lee's bearish outlook.
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Bias Distribution

  • 40% of the sources are Center, 40% of the sources lean Right
40% Center
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Sources are mostly out of (0)