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Apple stock received a rare downgrade to "sell" from an analyst on Tuesday. The downgrade highlights premium-valuation concerns and some negative headlines in recent months.
Shares of Apple fell 3.6% at the close of trading in New York on Tuesday, the stock's steepest drop since August. The moves came after Barclays downgraded the iPhone maker and lowered its price ...
Jefferies analyst Edison Lee downgraded the investment bank's rating on Apple's stock to Underperform and decreased his price target by 13% to $200.75 on Monday.Loop Capital also downgraded Apple ...
Shares of Apple (NASDAQ: AAPL) fell 4.1% on Tuesday, as of 12:30 p.m ET. Apple was downgraded by not one but two Wall Street sell-side analysts, as preliminary figures for the December quarter ...
Megacap tech stocks led the drop, with Apple shares down more than 3% for their worst daily drop since August. Tesla similarly fell 3%, while Nvidia dropped almost 2% and Alphabet lost more than 1%.
Some 65% of Wall Street analysts covering Apple recommend buying the stock and see shares rising around 9% to nearly $245 over the next 12 months. Lee expects the stock to drop about 6% to $213.