Apple fell nearly 3% to a seven-week low after Barclays downgraded the shares on concerns demand for its devices will remain weak in 2024.
Categories: $160$20012-month forward earnings estimates12-month price target19.82024AnalystAnalystsapp store practicesAppleBarclaysbearish ratingbearish recommendationsBig TechbrokerageBusinessbuyChinaChina weaknessclient notecompanyconcernsdemanddeveloped marketsdevicesdowngradehardware segmentHuaweiiPhoneiPhone 15iPhone 16Itau BBAJuly 2022LSEG datamacmarketmarket weightmarketsmedian price targetneutralperformancerecommendation accuracyrisksS&P 500sellservices businessstocksubdued demandTechTECHNOLOGYTim LongTodays Headlinestotal revenueunderweightworld's most valuable firm