Jefferies Financial Group downgraded shares of Apple (NASDAQ:AAPL – Free Report) from a hold rating to an underperform rating in a research note issued to investors on Tuesday, MarketBeat reports. Jefferies Financial Group currently has $200.
According to estimates by IDC and Canalys, overall iPhone market share fell 1% year over year in Q4 to 23% despite the broader market for smartphone shipments increasing by 3%. Apple kicked off its big AI push in October, releasing the first raft of its Apple Intelligence updates.
Today, analysts at Jefferies and Loop Capital each downgraded their ratings on Apple.
Apple Inc. was downgraded to perform from outperform at Oppenheimer, in the latest sign of caution building ahead of the company’s results.
Jefferies analyst Edison Lee maintained a Sell rating on Apple (AAPL – Research Report) today and set a price target of $202.33. The company’s
Update: The story was updated with Loop Capital's rating action on Apple and stock price movement. Jefferies downgraded Apple's (NASDAQ:AAPL) rating to Underperform from Hold noting that it expects results and guidance to miss estimates. In addition ...
Costfoto / NurPhoto via Getty Images Apple shares fell Tuesday after Jefferies downgraded the stock to an “underperform” from “hold” on Monday. Jefferies noted that flagging iPhone sales ...
In a rare move, analysts at Jefferies downgraded one of the largest companies in the world, Apple (NASDAQ: AAPL), to underperform. Wall Street analysts are known for being bullish, so underperform and sell ratings tend to make up only a small percentage of overall analyst ratings.
EST Apple (AAPL) falls 2% to $225.04 after Jefferies cuts to sell, Loop to holdInvest with Confidence: Follow TipRanks' Top Wall Street
According to estimates by IDC and Canalys, overall iPhone market share fell 1% year over year in Q4 to 23% despite the broader market for smartphone shipments increasing by 3%. Apple kicked off its big AI push in October, releasing the first raft of its Apple Intelligence updates.
See the 10 stocks » Jefferies and Loop take Apple down a notch Today, analysts at Jefferies and Loop Capital each downgraded their ratings on Apple. Jefferies analyst Edison Lee downgraded Apple ...
The iPhone maker is expected to report revenues of $124.3 billion for the fiscal first quarter — an increase of more than 3% from the previous year, according to analysts’ estimates compiled by FactSet ( FDS ). Apple is also expected to report earnings of $2.35 per share for the quarter ended in December, and net income of $35.6 billion.