DBS analyst Jim Hin Kwong Au has maintained their neutral stance on AAPL stock, giving a Hold rating today.
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Jim Hin Kwong Au has given his Hold rating due to a combination of factors influencing Apple’s current market position. While Apple’s new product launches, such as the iPhone 17 series, are expected to drive growth with innovative features and stable pricing, the company faces challenges in key markets like China. The decline in iPhone sales in China, attributed to fierce competition and delayed iOS upgrades, poses a risk to Apple’s growth trajectory.
Additionally, Apple’s advancements in semiconductor design, particularly with the M series chips, bolster its competitive edge, yet the anticipated launch of its in-house AI technology has been delayed, potentially affecting future growth. Despite these challenges, Apple’s strong user loyalty and dominance in the premium segment support a long-term positive outlook, justifying the Hold rating with a target price of US$210 per share.
In another report released today, D.A. Davidson also downgraded the stock to a Hold with a $250.00 price target.
Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AAPL in relation to earlier this year.