Jefferies Downgrades Apple Outlook Amid Mixed Fund Sentiment

Fintel reports that on May 2, 2025, Jefferies downgraded its outlook for Apple (LSE:0R2V) from Hold to Underperform.

Analyst Price Forecast Indicates Potential Growth

As of April 25, 2025, the average one-year price target for Apple stands at 240.34 GBX/share. Predictions vary, with estimates ranging from a low of 141.92 GBX to a high of 313.91 GBX. The average price target signifies a 12.83% increase from the most recent closing price of 213.00 GBX/share.

Projected Financial Performance

The estimated annual revenue for Apple is 448,014MM, reflecting an 11.90% increase. Moreover, the anticipated annual non-GAAP EPS is 7.23.

Fund Sentiment Analysis

Currently, 7,664 funds or institutions hold positions in Apple. This is an increase of 460 owners, or 6.39%, from the previous quarter. The average portfolio weight of these funds in Apple is 3.72%, up by 8.72%. Over the last three months, total shares owned by institutions rose by 3.33% to 10,621,361K shares.

Actions of Major Shareholders

The Vanguard Total Stock Market Index Fund (VTSMX) holds 473,592K shares, representing 3.15% ownership. In its previous filing, the firm reported 457,849K shares, indicating a 3.32% increase. It also boosted its portfolio allocation in Apple by 9.56% in the last quarter.

The Vanguard 500 Index Fund (VFINX) holds 409,170K shares, translating to 2.72% ownership. Its prior filing reported 398,082K shares, a 2.71% increase. This fund increased its Apple allocation by 4.51% over the last quarter.

Geode Capital Management owns 340,165K shares, which makes up 2.26% ownership. Previous reports indicated 333,858K shares, also reflecting a 1.85% increase. The firm increased its allocation in Apple by 4.89% in the last quarter.

Berkshire Hathaway maintains 300,000K shares, signifying 2.00% ownership, with no change reported in the last quarter. Price T Rowe Associates holds 220,108K shares, equating to 1.47% ownership. This firm previously reported 235,581K shares, showing a decrease of 7.03%. It also increased its overall allocation by 0.54% in the last quarter.

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.