Apple Stock Is Upgraded After Google Antitrust Ruling. But It’s Not a Buy Just Yet, Say Analysts.
1. MoffettNathanson upgraded AAPL to Neutral; price target increased 62%. 2. Apple's stock has underperformed the S&P 500 by 25% this year. 3. iPhone tariffs are manageable; product imports from India rising. 4. Apple receives ongoing multi-billion-dollar payments from Google as default search provider. 5. Analysts caution against buying AAPL due to high valuation concerns.