Loop Capital Lowers Price Target on Apple (AAPL) to $226, Maintains Hold

Apple Inc. (NASDAQ:AAPL) is one of the Hot AI Stocks to Keep on Your Radar. On August 21, Loop Capital analyst Ananda Baruah lowered the price target on the stock to $226.00 (from $230.00) while maintaining a Hold rating.

In an investor note, the firm noted that it has updated its model to reflect mixed shifts toward Pro/Pro Max models, lower air models, and average sale prices adjustments.

The firm also said that Apple has revised expectations for the iPhone 17 Air model, estimating it to account for about 20% of total unit sales from the previous 30%.

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“Reiterating our Hold and lowering PT to $226 from $230 while updating our estimates to reflect mix shifts toward Pro/Pro Max models, lower air models and ASP adjustments. Our estimate changes are based on Loop Capital Supply Chain Analyst John Donovan’s checks throughout the component and CM ecosystems as detailed in his note (One Last Bite of the AAPL – Builds, Shipments Augmented – Final Thoughts).”

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

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