Jefferies Flags App Store and Google Ad Risks for Apple (AAPL)

According to the firm, Sensor Tower information showed AppStore gross grew lone an estimated 7% successful Dec Q, which marks the slowest maturation successful the past 7 quarters.

AAPL has corrected 13% from its highest connected Dec 2, driven by signs of slowdown successful work rev.

The steadfast besides sees a hazard of slowdown successful Apple’s Google-related advertizing gross to precocious single-digits. While the steadfast has trimmed its work gross maturation estimates, it keeps its hardware forecasts unchanged.

Even so, Jefferies anticipates a flimsy beat, of astir 3%, successful upcoming results owed connected January 29 contempt the firm’s fiscal twelvemonth 2026 and 2027 estimates lone successful enactment with consensus.

“At 2.4x PEG we judge the banal volition apt beryllium scope bound."

Apple is simply a exertion institution known for its user electronics, software, and services.

While we admit the imaginable of AAPL arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

READ NEXT: 10 AI Stocks connected Market Radar and 10 AI Stocks Analysts Are Watching

Disclosure: None.