Jefferies upgrades Apple

In a notable shift, Jefferies has upgraded Apple (AAPL) from an Underperform rating to a Hold, signaling a more neutral outlook on the company’s stock. The adjustment comes with a revised price target of $167.88, down from the previous $202.33, reflecting a tempered expectation for near-term growth. Despite the lower target, Jefferies remains optimistic about Apple’s resilience amid potential economic headwinds, particularly regarding U.S. tariffs.
The firm’s base case hinges on Apple’s substantial commitment to invest $500 billion in the U.S. over the next four years. This massive pledge, Jefferies argues, could shield Apple from tariff-related pressures, positioning it as a key player in domestic economic growth. Additionally, the analysts anticipate that Apple may further bolster its U.S. presence with new manufacturing investments, reinforcing its strategic importance to the American market.
The upgrade suggests a balancing act: while short-term challenges may cap stock upside — hence the reduced price target — Apple’s long-term fundamentals remain robust. Investors may see this as a cautiously optimistic nod to Apple’s ability to navigate a complex global trade landscape while leveraging its domestic investment strategy to sustain growth. For now, Jefferies advises holding steady as Apple charts its next moves.
MacDailyNews Take: Jefferies’ price target is way too low, but Apple stock is clearly a better value today than it was just a short time ago.
Even at its all-time high of $260.10, and handicapped with a lackluster, aging CEO reduced to peddling vaporware because he totally missed the AI paradigm shift, the company and product/services portfolio that Steve Jobs built was laughably undervalued.
The U.S.-China trade situation will get ironed out. Apple’s future is exceedingly bright.

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