{"id":45093,"date":"2023-08-06T08:26:31","date_gmt":"2023-08-06T12:26:31","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/apple-downgraded-at-rosenblatt-as-valuation-peaks\/"},"modified":"2023-08-06T08:26:34","modified_gmt":"2023-08-06T12:26:34","slug":"apple-downgraded-at-rosenblatt-as-valuation-peaks","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=45093","title":{"rendered":"Apple downgraded at Rosenblatt as ‘valuation peaks’"},"content":{"rendered":"
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\u00a9 Reuters. Apple (AAPL) downgraded at Rosenblatt as ‘valuation peaks’<\/span>
\n<\/i>\n<\/div>\n

Apple (NASDAQ:) was cut to Neutral from Buy at Rosenblatt on Friday following the company’s earnings release, with analysts maintaining a $198 price target on the stock.<\/p>\n

They told investors in a note that as Apple’s valuation peaks, its growth “takes a coffee break.”<\/p>\n

“After a mixed F3Q23 that highlights the slowdown phase in which Apple now sits, we downgrade the stock to Neutral from Buy and keep our price target at $198,” the analysts wrote.<\/p>\n

Singing the tech giant’s praises, the analysts said Apple “makes the most important device of the modern economy — the iPhone” while it has also “executed an impressive upgrade to Macs with the pivot to Apple Silicon and is re-accelerating services.”<\/p>\n

However, they acknowledged that a slowdown in the U.S. seems “likely to last until a material new product category takes hold.”<\/p>\n

“That is uncertain both in timing and success, leaving little reason to favor shares now trading near peak absolute and relative multiples,” they added.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. Apple (AAPL) downgraded at Rosenblatt as ‘valuation peaks’ Apple (NASDAQ:) was cut to Neutral from Buy at Rosenblatt on Friday following the company’s earnings release, with analysts maintaining a $198 price target on the stock. They told investors in a note that as Apple’s valuation peaks, its growth “takes a coffee break.” “After […]<\/p>\n","protected":false},"author":1,"featured_media":45094,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-45093","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nApple downgraded at Rosenblatt as 'valuation peaks' | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. 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