Jefferies analyst Edison Lee maintained a Sell rating on Apple (AAPL – Research Report) today and set a price target of $202.33. The company’s

According to estimates by IDC and Canalys, overall iPhone market share fell 1% year over year in Q4 to 23% despite the broader market for smartphone shipments increasing by 3%. Apple kicked off its big AI push in October, releasing the first raft of its Apple Intelligence updates.

The iPhone maker is expected to report revenues of $124.3 billion for the fiscal first quarter — an increase of more than 3% from the previous year, according to analysts’ estimates compiled by FactSet ( FDS ). Apple is also expected to report earnings of $2.35 per share for the quarter ended in December, and net income of $35.6 billion.

Wall Street analysts appeared to breathe a sigh of relief after Apple's first quarter earnings modestly beat analysts’ forecasts and the company’s explanation of falling iPhone sales in China eased their anxieties.

Jefferies Financial Group downgraded shares of Apple (NASDAQ:AAPL – Free Report) from a hold rating to an underperform rating in a research note issued to investors on Tuesday, MarketBeat reports. Jefferies Financial Group currently has $200.

Today, analysts at Jefferies and Loop Capital each downgraded their ratings on Apple.

Update: The story was updated with Loop Capital's rating action on Apple and stock price movement. Jefferies downgraded Apple's (NASDAQ:AAPL) rating to Underperform from Hold noting that it expects results and guidance to miss estimates. In addition ...

Apple Inc. was downgraded to perform from outperform at Oppenheimer, in the latest sign of caution building ahead of the company’s results.

Investing.com -- Jefferies analysts downgraded Apple stock to Underperform from Hold on Monday as they expect the tech giant to miss both earnings and guidance targets in its upcoming fiscal Q1 2025 report. The company's shares fell around 1% in premarket trading Tuesday.

EST Apple (AAPL) falls 2% to $225.04 after Jefferies cuts to sell, Loop to holdInvest with Confidence: Follow TipRanks' Top Wall Street

Despite the concerns raised, Lee suggested that Apple stock might show resilience in the near term. He attributed this potential stability to two factors: reduced risks of China tariffs and a lower risk profile compared to the AI hardware supply chain.

The Oakville, Ont.-based firm has been under pressure from Starboard Value, its biggest shareholder, and other activist firms to reduce debt and boost earnings, urging it to shed its renewable assets.