From TradingView · · 40s
Apple stock chart shifts from trend to range
Apple's stock chart shows signs of shifting from upward trend to sideways movement.
In brief
Apple's stock chart shows signs of shifting from upward trend to sideways movement. Loop Capital downgrades Apple stock from buy to hold, cutting price target from $370 to $330 due to expected iPhone shipment cuts through 2027. Originally reported by TradingView.
Loop Capital downgrades Apple stock
Loop Capital downgrades Apple from buy to hold, cutting price target from $370 to $330.
“🚨 AAPL : LOOP CAPITAL DOWNGRADES APPLE FROM BUY TO HOLD Price target slashed from $370 to $330”
iPhone shipment forecast cuts
December-quarter iPhone forecast cut to 79M units vs. 85M consensus, average selling price reduced from $1,239 to $1,123.
“📉 December-quarter iPhone forecast cut to 79M units vs. 85M consensus”
Key reasons for downgrade
Loop Capital no longer expects Apple to recover lost iPhone shipments due to persistent shipment cuts through 2027.
“The key takeaway: Loop Capital no longer expects Apple to recover the lost iPhone shipments”
What it means
Loop Capital downgrades Apple stock from buy to hold, cutting price target from $370 to $330 due to expected iPhone shipment cuts through 2027.
