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Apple (AAPL) PT Lowered to $230 at Raymond James, 'Near-term demand looks fine'
April 29, 2025 4:05 PM EDTRaymond James analyst Srini Pajjuri lowered the price target on Apple (NASDAQ: AAPL) to $230.00 (from $250.00) while maintaining a Outperform rating.
The analyst comments "We reiterate our Outperform rating ahead of F2Q earnings but are lowering FY25/26 EPS and our price target from $250 to $230 on tariff-related headwinds. We believe Apple has enough manufacturing capacity outside China to address about half of U.S. iPhone demand, and expect procurement from non-China regions to continue to increase. Whether imports from India and other regions will be tariff-free beyond the 90-day pause is unclear, however.... More
