Apple (AAPL) Downgraded as Analysts See No Significant AI Innovation

Apple Inc. (NASDAQ:AAPL) is one of the AI Stocks Analysts Say You Should Watch Closely. On September 11, Phillip Securities analyst Helena Wang downgraded the stock from Neutral to Reduce with a price target of $200.00.

The rating downgrade comes amid a stretched valuation and near-term headwinds which overshadow the impact of the company’s latest product launches. The firm said that it maintains a cautious outlook in the stock due to near-term tariff headwinds, elevated CAPEX, and lack of significant AI innovation.

“Our valuations remain unchanged. Our DCF target price remains unchanged at US$200, with a WACC of 6.5% and a terminal growth rate of 3%. We downgrade our recommendation from NEUTRAL to REDUCE due to the recent share price rally. We maintain a cautious outlook on Apple, due to near-term headwinds from tariffs, elevated CAPEX, and no significant AI innovation to help with persistent weakness in products and the China market.”

Apple is a technology company known for its consumer electronics, software, and services.

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