In a rather surprising development for one of the world’s most prominent companies, Apple (AAPL) has gotten a downgrade, with Wall Street now calling on investors to sell the stock. Indeed, the stock has gotten its price target reduced, with shares falling more than 1.2% Tuesday.
The iPhone developer has recently regained its position as the largest company in the world by market cap. Although Nvidia (NVDA) had wrestled the position away to start the week, Apple is back on top. Moreover, with its race to be the first to a $4 trillion market cap ongoing, its recent slide has placed the landmark in jeopardy for this year.
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Apple Gets Stock Downgraded En Route to $4 Trillion Market Cap
There are few companies on the planet that belong in the same stratosphere as Apple. For more than two decades, it has been one of the most successful tech brands in the world. Moreover, it has continued to set records amid its unprecedented success.
The firm has sought to do more of the same in 2025, with its eyes on becoming the first company to break through the $4 trillion market. Yet, that journey looks to be threatened now as Apple (AAPL) has gotten a downgrade, with Wall Street analysts calling to sell the stock.
Also Read: Citi Gives Apple Stock Buy Rating: Can AAPL Hit $300 in 2025?
MoffetNathanson analyst Craig Moffett went as far as to call Apple stock “decidedly unattractive” in his recent outlook, according to a report. Moreover, he lowered his rating and greatly dropped his target. Specifically, Moffett downgraded Apple from hold to sell.
Thereafter, the price target dropped from its previous $202 to $188. On Tuesday, all shares of the company fell below $242 in a continued drop. Ultimately, the research firm notes that the company has few prospects. Its impact in China is not looking good, and they noted there being a “lukewarm” response to its AI offerings.
The company unveiled its Apple Intelligence features late last year. Indeed, it represented its first foray into the AI space. Despite the tech sector’s immense demand, there was a hesitancy for users to truly embrace it. Therefore, it has yet to benefit from the market’s popularity.