Apple (AAPL) Downgraded to Reduce Amid AI Concerns

Apple Inc. (AAPL) was downgraded by Phillip Securities analyst Helena Wang from Neutral to Reduce with a price target of $200.00. The downgrade was due to stretched valuation and near-term headwinds overshadowing recent product launches. The firm cited tariff concerns, CAPEX, and lack of AI innovation as reasons for caution.

Despite being a technology giant, Apple faces challenges with tariffs and lack of AI innovation. The company’s stock was downgraded to Reduce due to these concerns, with a maintained target price of $200.00. Analysts believe other AI stocks offer better upside potential and less risk, especially in the current market environment.