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Jefferies downgrades Apple citing costs and iPhone delays, but strong earnings and growth challenge the call.

Market News
11 Aug 2026
24/7 Wall Street
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Bullish
Jefferies downgrades Apple citing costs and iPhone delays, but strong earnings and growth challenge the call.

Jefferies downgraded Apple from Hold to Underperform with a $263.66 target, citing rising memory costs and the cancellation of an all-glass iPhone. However, Apple just reported its strongest June quarter ever with revenue up 16.4% to $109.42 billion and record iPhone and Services sales, defying the downgrade thesis. Analysts and insiders dispute the cost concerns and confirm the all-glass iPhone redesign is still on track for 2027. Despite Jefferies' bearish stance, most market consensus remains positive with a higher average price target and strong institutional buying, reflecting confidence in Apple's growth and product pipeline.

More News (AAPL)

Apple and Tesla show resilience against AI threats with strong Q2 results and proprietary AI tech.

Apple and Tesla show resilience against AI threats with strong Q2 results and proprietary AI tech.

Apple and Tesla demonstrated strong financial results and resilience against AI sector disruptions after OpenAI agent attacks on Hugging Face. Apple reported a record fiscal Q3 2026 revenue of $109.42 billion, driven by iPhone sales and services, whi...

Company Fundamentals
Bullish
7 hours ago
Investing $500 monthly in Apple through 2030 could grow to $31K under base case scenario.

Investing $500 monthly in Apple through 2030 could grow to $31K under base case scenario.

Investing $500 a month in Apple stock from September 2026 to December 2030 could grow an initial $25,500 investment to about $31,118 in the base case, reflecting a 22% total return. The base case assumes a share price of $497.98 by 2030, with annuali...

Analyst Insights
Bullish
7 hours ago
Apple at $336 is strong but pricey, with growth and cash offset by high valuation risks.

Apple at $336 is strong but pricey, with growth and cash offset by high valuation risks.

Apple's stock at $336 reflects strong fundamentals including nine consecutive earnings beats, 16.4% revenue growth, and a $147 billion cash reserve. Despite this, the stock trades at a high valuation with a trailing P/E of 44, which is steep for a ha...

Company Fundamentals
Neutral
8 hours ago
Investing $500 monthly in VOO since 2010 could grow to $330,000, highlighting the power of S&P 500 cap-weighted ETFs.

Investing $500 monthly in VOO since 2010 could grow to $330,000, highlighting the power of S&P 500 cap-weighted ETFs.

A $500 monthly investment in the Vanguard S&P 500 ETF (VOO) since its 2010 launch would be worth about $330,000 today, driven by mega-cap tech giants like Nvidia, Apple, and Microsoft. The article compares VOO with other S&P 500 ETFs like IVV, SPY, S...

Market News
Bullish
1 day ago
Apple stock could hit $450 by 2027 driven by AI, strong iPhone growth, and services expansion.

Apple stock could hit $450 by 2027 driven by AI, strong iPhone growth, and services expansion.

Apple reported strong Q3 results with $109.42 billion revenue and its ninth consecutive earnings beat, driven by 22% iPhone growth. Despite a 23% stock rise this year, shares trade below potential value due to margin concerns and supply constraints. ...

Company Fundamentals
Bullish
3 days ago
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