From Financial Modeling Prep: 2025-06-04 15:57:00

Needham downgraded Apple (NASDAQ:AAPL) from Buy to Hold, citing fundamental, competitive, and valuation challenges. Earnings and revenue forecasts were lowered due to slowing growth and increased competition. Apple’s high valuation at over 26 times projected 2026 earnings is seen as a concern without a clear catalyst for growth. A major iPhone upgrade cycle is needed for momentum, with analysts suggesting an entry point in the $170 to $180 range. Developing a new advertising revenue stream could boost growth.



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