Stocks
Apple Downgraded Amid Margin Pressure Concerns
Rosenblatt Securities has reaffirmed its Neutral rating on Apple Inc. (NASDAQ: AAPL) following the company's recent product launch event.
The firm highlighted Apple's cautious pricing strategy and rising memory costs as potential margin pressure points, despite introducing innovative new devices.
According to GuruFocus' GF Value metric, Apple is approximately 10.6% overvalued, trading at $315.34 per share versus an intrinsic value of $285.03.