
Apple Inc. $Apple(AAPL.US) is facing increased pressure as Jefferies downgraded the tech giant to 'underperform,' citing concerns over revenue growth. Analyst Edison Lee cut the price target to $200.75, projecting a 12.7% downside. This bearish outlook contrasts with broader Wall Street sentiment, where most analysts recommend buying Apple shares. Lee warns that Apple could miss its 5% revenue growth forecast for Q1 FY 2025 and expects weak iPhone sales and limited AI developments to impact Q2 guidance. The downgrade follows President Donald Trump's announcement of potential significant U.S. investments by Apple, linked to his election win. Despite the downgrade, Apple's stock closed at $229.98, up 0.75% for the day, but is down 5.69% year-to-date.$Apple(AAPL.US)
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