MobileAppleInsiderabout 1 hour ago
Loop Capital Cuts Apple Stock Target
5 min read
Loop Capital downgraded Apple to Hold and cut its price target to $330. Analyst Ananda Baruah lowered the target from $370, citing a complicated 2026-2027 iPhone cycle. The firm expects 79 million December 2026 shipments versus 85 million Wall Street estimates. Loop also lowered the 2027 average selling price forecast from $1,235 to $1,096, projecting revenue falling to $285 billion.
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