Apple Stock Is Still ‘Expensive’ But This 1 Catalyst Could Change the Game, According to Analysts

Apple (AAPL) is once again in the limelight, as Jefferies upgraded the stock to "Hold," reversing a previous "Underperform," in reaction to encouraging iPhone 17 sales as well as services performance. This upgrade comes on the back of Apple’s record-breaking performance in the September quarter, in which the company topped analysts’ forecasts in terms of both revenues and profits, in addition to forecasting double-digit gains in the upcoming December quarter. However, despite this outstanding performance, ...