Barclays Maintains Sell Rating on Apple Amid Growth Concerns
Apple's stock has declined 19.8% year-to-date, underperforming both the broader technology sector and its Magnificent Seven peers. Barclays analyst Tim Long reaffirmed his Sell rating with a $173 price target, signaling a potential 13.6% downside. Long, ranked #165 among 9,646 analysts on TipRanks, cites stagnant iPhone growth, concentrated Services segment risks, and limited impact from other products as key concerns.
The bearish outlook contrasts with Apple's historical dominance, highlighting shifting dynamics in consumer tech demand. Meanwhile, cryptocurrency markets remain volatile, with major assets like BTC and ETH showing resilience despite macroeconomic headwinds affecting traditional equities.