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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Total News Sources0
Leaning Left1Leaning Right2Center2Last UpdatedBias Distribution40% Center, 40% Right
Bias Distribution
- 40% of the sources are Center, 40% of the sources lean Right
40% Center
L 20%
C 40%
R 40%
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