Jefferies Flags App Store and Google Ad Risks for Apple (AAPL)

Apple Inc. (NASDAQ:AAPL) is one of the AI Stocks in Focus on Wall Street. On January 26, Jefferies analyst Edison Lee lowered the price target on the stock to $276.47 (from $283.36) while maintaining a Hold rating. The firm believes AAPL’s long-term growth is capped due to slowing App Store growth and Google ad revenue risk. According to the firm, Sensor Tower data showed AppStore revenue grew only an estimated 7% in Dec Q, which marks the slowest growth in the last seven quarters. AAPL has corrected 13% ...