Jefferies Financial Group downgraded shares of Apple (NASDAQ:AAPL – Free Report) from a hold rating to an underperform rating in a research note issued to investors on Tuesday, MarketBeat reports. Jefferies Financial Group currently has $200.

KEY TAKEAWAYS Apple shares fell Tuesday after Jefferies downgraded the stock to an “underperform” from “hold” on Monday.Jefferies noted that flagging iPhone sales and weak demand for its artificial intelligence (AI) features in newer models would lead the tech giant to undershoot quarterly revenue forecasts.

Earlier today, it was reported that Apple's (NASDAQ: AAPL) iPhone sales fell 18.2% in China in the fourth quarter of 2024, while the resurgent Chinese rival Huawei Technologies took the top spot, according to Counterpoint Research. Apple is slated to report its fiscal first quarter results on Jan. 30.

Today, analysts at Jefferies and Loop Capital each downgraded their ratings on Apple.

Jefferies downgrades Apple on weak iPhone demand, cutting price target to $200.75 amid mounting growth challenges

Jefferies analysts downgraded Apple (NASDAQ:AAPL) stock from 'Hold' to 'Underperform' and reduced the price target to $200.75 from the previous $211.84. The firm's assessment of the $3.46 trillion tech giant comes as InvestingPro data shows the stock trading at $229.

The latest Apple stock downgrade centers around iPhone sales and the weakening consumer electronics market. Here's what investors need to know.

Shares of Apple (AAPL), the most valuable publicly traded company in the world, have received a rare “sell” rating from a prominent Wall Street firm. Concerns over weak iPhone sales have led analysts at Jefferies Financial Group (JEF) to downgrade

EST Apple (AAPL) falls 2% to $225.04 after Jefferies cuts to sell, Loop to holdInvest with Confidence: Follow TipRanks' Top Wall Street

Apple got hit with downgrades from Jefferies and Loop Capital on fears of slowing iPhone sales and a lack of demand around Apple Intelligence.

Wall Street's sentiment on Apple (AAPL) is turning bearish, with firms like Loop Capital and Jefferies downgrading the smartphone giant. Creative Strategies CEO and principal analyst Ben Bajarin joins Market Domination to share his perspective on the company's outlook.

Today, hit a new four-month low, following a report from Bloomberg indicating the company has seen an 18% slide in iPhone sales in China during the holiday season. The stock is also reeling from two downgrades by Loop Capital and Jefferies.