Jefferies Trims Apple Price Target Amid iPhone 17 Slowdown and Tariff Risks
Jefferies analyst Edison Lee lowered Apple’s price target to $203.07, warning of 17% potential downside. The bearish outlook cites iPhone 17 sales slowdown, tariff risks, and unattractive valuation despite the stock’s 2% YTD decline.
Jefferies has turned increasingly bearish on Apple Inc., with analyst Edison Lee lowering the price target to $203.07 per share while maintaining an underperform rating. The revised target suggests potential 17% downside from Friday’s $245.27 close, reflecting concerns about iPhone 17 momentum, tariff uncertainties, and current valuation levels despite the stock’s 2% year-to-date decline.