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Apple (AAPL) Moderates Gains on High Valuation and Product Cycle Limits, Raymond James Downgrades

Dow Jones Newswires Read original source (opens in a new tab)
The Story

News Summary

  • Raymond James downgraded Apple to Market Perform, citing limited near-term upside due to high valuation despite strong fundamentals and product cycles.
  • Apple gained 12% in 2025 but lagged the S&P 500's 16% gain, with tech upgrade cycles expected to yield incremental, not significant, growth.
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AAPL price history

332.27 +20.75% over the displayed period

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