Apple(US:AAPL) Ge Long Hui·2025-09-05 09:37Core Viewpoint - MoffettNathanson upgraded Apple's rating from "Sell" to "Neutral" with a target price of $225, indicating that previous threats to the stock price have largely dissipated, leaving valuation as the main pressure point [1] Group 1: Rating and Price Target - The rating for Apple has been upgraded to "Neutral" from "Sell" [1] - The new target price set for Apple is $225 [1] Group 2: Threats and Challenges - Previous threats that pressured Apple's stock, such as Huawei's strong return in China, tariff concerns, and the antitrust case against Google, have mostly subsided [1] - The remaining challenge for Apple is its high valuation, with a projected P/E ratio exceeding 30 times based on 2026 earnings estimates [1] Group 3: Future Outlook - Despite the challenges, the worst-case scenarios are no longer present, making it insufficient to maintain a bearish stance solely based on valuation [1] - Apple faces ongoing challenges in developing competitive AI tools [1]