From TokenPost · · 40s
Loop Capital Downgrades Apple iPhone Outlook
Loop Capital cuts Apple's stock target to $330 as it expects weaker 2027 iPhone shipments.
In brief
Loop Capital cuts Apple's stock target to $330 as it expects weaker 2027 iPhone shipments. Loop Capital lowered Apple's price target to $330 from $370 after scaling back 2027 iPhone shipment expectations. Originally reported by TokenPost.
Loop Capital Rating Change
Loop Capital cut its Apple rating to hold from buy and lowered its price target to $330.
2027 iPhone Shipment Cuts
Apple reduced planned iPhone shipments for September and December 2027 by 10%.
Sluggish iPhone Sales
Loop no longer expects Apple to recover cut units and describes iPhone 18 Pro and Pro Max sales as sluggish.
The bottom line
Loop Capital lowered Apple's price target to $330 from $370 after scaling back 2027 iPhone shipment expectations.
