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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.

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FAQ

Why Neutral?

Despite upgrades, AAPL remains expensively valued relative to growth potential. Historical context shows that high valuations don't always yield growth.

How important is it?

Tariff relief and analyst upgrades are significant, but valuation issues dampen immediate optimism. Continued relevance in the market can yield mixed implications for future performance.

Why Short Term?

Immediate risks have decreased, but significant valuation concerns remain short-lived. Similar scenarios have shown temporary reprieves without sustained growth.

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