• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

Apple stock correction likely to extend- Fairlead Strategies

by January 22, 2025
written by January 22, 2025

Apple stock is likely to experience more losses on Wednesday after dropping 3.2% on Tuesday. Shares are down 0.6% in pre-market trade.

On Tuesday, Apple stock fell after two Wall Street analysts issued downgrade calls with Jefferies analysts adjusting their rating on Apple stock to Underperform from Hold on Monday, anticipating that the company will not meet its earnings and guidance targets for the upcoming fiscal Q1 2025 report.

The firm also lowered its price target for Apple’s shares to $200.75 from $211.84, suggesting a potential 13% decrease from the stock’s last closing price.

The downgrade was influenced by weaker than expected iPhone sales and a less optimistic forecast for the iPhone 17 and 18 models. The analysts attributed this outlook to a slower adoption and commercialization of artificial intelligence technologies.

Furthermore, Jefferies analysts predict that Apple will not achieve its revenue growth guidance of 5% for the first quarter. They also expect the company to project only low single-digit revenue growth for the second quarter, which falls short of the consensus.

Loop Capital analysts also downgraded their rating on Apple shares (NASDAQ:AAPL).

Katie Stockton, an analyst at Fairlead Strategies, noted the impact of the downgrade on Apple’s stock performance.

“Apple gapped lower yesterday on negative short-term momentum,” she observed.

Stockton’s analysis of overbought/oversold metrics indicated that the downward gap may persist, posing a risk that Apple’s shares could fall below the 200-day moving average of $217, potentially reaching the next support level around $208.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Shares in Schaeffler slump after car parts maker issues profit warning
next post
Energy player Venture Global slashes IPO price

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 5, 2025
    • This California startup is cleaning water and removing CO₂ from the atmosphere — all at a reduced cost

      June 5, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (504)
    • Stock (6,426)

    Latest News

    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

    Popular News

    • Morning Bid: Markets mull potential US ‘no landing’
    • Netflix target raised to new Street high at Pivotal Research

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy