Rosenblatt Securities downgrades Apple to sell

Michael Bloom from CNBC:

“The firm said that while it didn’t think Apple stock was a short, “we believe Apple will face fundamental deterioration over the next 6 to 12 months,” analyst Jun Zhang said in a note to clients. Rosenblatt did, however, maintain its 12-month $150 price target.

“Adding to our ‘sell’ thesis, we believe new iPhone sales will be disappointing, iPad sales growth will slow in the second half of 2019, other product sales growth, such as the HomePod, AirPod, and Watch, may not be meaningful to support total revenue growth,” they said.

They expect Apple stock to hit $150 in the next 6-12 months.

MacDailyNews Take: Can Tim Cook’s Apple turn this around? Are Apple’s customers more or less important than shareholders? And haven’t we seen this before?


  1. Where’s a retort with logic vs pedestrian blame?

    Where’s the “i-cal” from MDN?

    In short and I hope it’s wrong, what’s so unreasonable about the report?

    1. Claiming that there will be a decline in sales is arguable, but claiming that the inherent value of the company will decline by a quarter in the next few months is irrational. That said, remarks like this can affect Apple’s market value, which has never been linked closely to the company’s intrinsic value.

  2. I’d like to know how many Apple shares analyst Jun Zhang bought when his prediction tanked AAPL stock for a few days. This sure does look like another market manipulation.

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