Apple Inc. is under scrutiny as Jefferies reiterated an “Underperform” rating and lowered the price target to $203.07 per share. Analysts predict more downside than upside due to potential tariffs on Chinese goods, impacting Apple’s production. There may be a 5% EPS hit in FY2026 if a 130% tariff is imposed on 9 million units. Additionally, challenges may arise if Apple must meet U.S. demand for iPhone 17s solely through production in India, potentially facing pressure to increase production in the U.S. Margins for Apple’s latest lineup may be further impacted by product mix and higher costs. Apple remains a technology giant with a diverse portfolio of consumer electronics, software, and services. Investors are advised to consider other AI stocks with greater upside potential and less downside risk. For more information, check out the best short-term AI stock.

Read more at Yahoo Finance.: Apple (AAPL) Stock Faces “More Downside Than Upside” as Jefferies Flags Tariff Concerns