Fintel reports that on January 7, 2025, MoffettNathanson downgraded their outlook for Apple (NasdaqGS:AAPL) from Neutral to Sell. Analyst Price Forecast Suggests 1.27% Upside As of December 23, 2024,

"Despite the steady melt-up in Apple shares over the past few months, there has actually been a steady drumbeat of bad news," an analyst said on Tuesday.

With that action in mind, “Apple’s share price discounts nothing but good news,” according to Moffett, who downgraded Apple’s stock to sell from neutral on Tuesday. The company’s “growth rate is by far the lowest of the Mag Seven,

Apple stock has a “decidedly unattractive” outlook, MoffettNathanson analyst Craig Moffett said, lowering his rating on the shares and cutting his target for the price. Moffett downgraded Apple to Sell from Hold and trimmed his price target to $188 from $202.

Apple stock fell amid a downgrade to sell. The analyst cited concern over China, a U.S. government antitrust lawsuit and iPhone 16 demand.