Barclays cuts Apple stock target due to weak quarter, Nvidia surpasses Apple in market cap.

From StockTwits: 2025-01-22 15:12:19

Barclays cut Apple stock price target to $183 from $184 due to a softer December quarter. The stock hit an all-time high of $260.10 on Dec. 26 but has since dropped. Nvidia has overtaken Apple as the most valued global company, with a market cap of $3.61 trillion compared to Apple’s $3.35 trillion. Analysts are bearish on Apple, citing weak China data and a sluggish rollout of Apple Intelligence features. Apple stock has lost about 11% in January. Nvidia stock rallied over 4.50% on Wednesday to a two-month high. Retail sentiment toward Apple stock has improved on Stocktwits.



Read more at StockTwits: Apple Cedes Market-Cap Throne To Nvidia Again As Bearish Analyst Takes Weigh, But Retail Gets Some Confidence Back