On Jan. 7, Moffett Nathanson downgraded Apple Inc. (AAPL) from "Neutral" to "Sell," slashing its target price from US$202 to US$188, indicating a potential 22% decline from its last closing price of US$242.7.
Analyst Craig Moffett noted that despite Apple being a strong company, negative news, such as a federal ruling against Alphabet's payments to Apple, weak iPhone sales in China, and poor performance of the Vision Pro headset, is mounting. He believes the market is underestimating risks associated with Apple's stock and expressed concern over its elevated valuation amid slow growth.
Additionally, Warren Buffett's Berkshire Hathaway recently disclosed a significant reduction in its Apple holdings, selling 100 million shares in the third quarter, raising questions about the motivations behind the divestment beyond just tax reasons.
Related News:
Comment