Jefferies, a leading investment bank, has downgraded Apple stock from 'hold' to 'underperform'. Analysts predict that Apple could miss both earnings and guidance targets in the upcoming Q1 2025 report. This downgrade places Apple in a challenging position, with potential for further downside. Apple stock is currently trading at $229, having briefly closed in the green by 0.75% on Monday. Jefferies forecasts that Apple stock could fall to the $200 level.