UBS Reiterates Neutral on Apple (AAPL) as App Store Growth Slows

Apple Inc. (NASDAQ:AAPL) is one of the Hot AI Stocks on Wall Street’s Radar. On December 9, UBS analyst David Vogt reiterated a Neutral rating on the stock with a $280.00 price target. Firm analysts hold a neutral stance on the stock due to slowing App Store growth momentum and tough December comps despite FX tailwind. Based on data from Sensor Tower, Apple’s App Store revenue in November grew an estimated 6% on a reported basis. This growth follows a growth of roughly 7% and 9% in September and October, ...