Post-earnings correction and valuation debate
AAPL stock fell 9% after Q3 earnings on weak guidance. Analysts are split: KeyBanc downgraded to $250 (peak iPhone growth), while BofA remains bullish (supply constraints not demand). TIKR model suggests $360 target by 2028. Stock around $302, with average target $330.82 implying downside. The overvaluation narrative is contested. New analysis reveals tariff refunds inflated EPS and margin, and services deceleration is a growing concern, with the safe-haven premium fading. Recent analyst actions: Goldman Sachs adjusted target, Morgan Stanley cut to $360 with cautious view. Technical support at $310 noted.
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Updated Aug 3, 2026