Apple stock gets a rare Sell rating from an analyst; here's the reason he gave for downgrading the world's largest company from Neutral
ET Year-end Special Reads
Buying a home in 2025? Here's how property market can shape up
18 top stock picks for 2025 from 6 leading brokers
Five big bangs that shook the corporate world in 2024
Is Apple's stock in the red?
MoffettNathanson downgraded Apple's stock from 'neutral' status to 'sell', which has already caused alarm bells to ring at the highest levels as their are bulks of investments done across all levels on Apple, which has the highest market capitalization in the world. This is a major development and could even bring the prices of the stocks down, amid this alarm.
Is Apple seeing major downside this year?
According to the latest Bloomberg data at hand, of the more than 60 market analysts covering Apple on Wall Street, only four have sell or sell-equivalent ratings. Among them, MoffettNathanson is predicting a 22% downside from current levels, which is shocking news for this premium stock.
<div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-article-thumbnails-117096452»>
Weakness in China iPhone sales, and lackluster performance for the company's Vision Pro headset, according to a Business Insider report, could be driving factors behind the poor performance of the stock in recent while.
FAQs:
Is Apple's stock good to buy?
Although there are signs by market analysts at Wall Street urging one to sell Apple stocks at the moment, the company has still provided good returns to its investors in the past couple of years.
Artificial Intelligence(AI)
Java Programming with ChatGPT: Learn using Generative AI
By — Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)
Ba
