--- title: "Apple Stock at ‘Extreme Overvaluation’: Analysts See Slowing Revenue Growth" type: "News" locale: "en" url: "https://longbridge.com/en/news/304157364.md" description: "Apple shares fell despite beating Q4 earnings estimates, as analysts express concern over slowing revenue growth and compressing gross margins. While Yorkville Ives and Bank of America remain bullish citing AI potential and strong capital returns, KeyBanc warns of 'extreme overvaluation' and hardware slowdowns. D.A. Davidson and Morgan Stanley highlight margin pressures and Services growth deceleration, reflecting a divided market sentiment between bulls focusing on cash flow and bears emphasizing demand risks." datetime: "2026-11-03T18:58:07.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/304157364.md) - [en](https://longbridge.com/en/news/304157364.md) - [zh-HK](https://longbridge.com/zh-HK/news/304157364.md) generator: "portal-rs" --- # Apple Stock at ‘Extreme Overvaluation’: Analysts See Slowing Revenue Growth **Apple Inc.** (NASDAQ:AAPL) stock fell Tuesday after the company reported fourth-quarter revenue and earnings that beat analyst estimates. Here’s what analysts are saying about management’s commentary and guidance. **• Apple shares are under pressure. What’s pulling AAPL shares down?** ## **The Apple Stock Analysts** **Yorkville Ives** analyst **Dan Ives** maintained an Outperform rating on Apple stock with a price target of $400. **Bank of America Securities** analyst **Wamsi Mohan** maintained a Buy rating with a price target of $370. **KeyBanc** analyst **Brandon Nispel** maintained an Underweight rating with a price target of $250. **D.A. Davidson** analyst **Gil Luria** maintained a Neutral rating and raised the price target from $270 to $295. **Morgan Stanley** analyst **Erik Woodring** maintained an Overweight rating and lowered the price target from $355 to $350. **Rosenblatt** analyst **Barton Crockett** maintained a Neutral rating with a price target of $303. **Needham** analyst **Laura Martin** maintained a Hold rating with no price target. **Read Also: Tech Selloff Doesn’t Spook Dan Ives for Halloween: Here Are His 6 AI Stock Picks** ## **Yorkville Ives on Apple Stock** The current upgrade cycle is one that Ives recommends investors own. "AAPL reported FY4Q26 results featuring beats on the top and bottom lines driven by strength in iPhone and Mac despite weaker Services and China sales against the Street," Ives said. The analyst highlighted the iPhone Duo being supply constrained with demand outpacing supply. "The Duo is the swing factor the Street has not sized. We believe Apple can sell roughly 10 million Duo units over the next few quarters." Ives said some investors will fade Apple given pressure on memory costs and margins, but he recommends the stock. ## **Bank of America Securities on Apple Stock** Concerns about gross margins and slower growth for the Services segment are key items to watch, Mohan said in a new investor note. The analyst sees the potential of new products helping to offset some of this weakness. "Reiterate Buy on strong capital returns, eventual winner on AI at the edge and optionality from new products," Mohan said. ## **KeyBanc on Apple Stock** Nispel cautions that Apple’s growth could slow down. "Let the slowdown begin," Nispel said in a new investor note. The analyst said guidance shows a slowdown in Hardware growth, which could mean unit demand declines. "We think AAPL is at the point of extreme overvaluation and see risk to shares." ## **D.A. Davidson on Apple Stock** With concerns about demand and gross margins, Luria cautions that "price increases and Duo may not be enough" for Apple moving forward. "The pressure is on Apple to monetize AI." Luria said Apple has some advantages around AI, including having consumer trust and a large user base.   ## **Morgan Stanley on Apple Stock** Fourth-quarter results from Apple were strong, but Services slowing growth and margin headwinds remain, Woodring said in a new investor note. "We don’t believe tonight’s results will do much to shift the balance of power between Apple bears and bulls," Woodring said. The analyst said Services and gross margins will be highlighted by the bears, while revenue guidance and strong free cash flow generation will be highlighted by the bulls. ## **Rosenblatt on Apple Stock** Crockett maintains a Neutral take on Apple with the positives and negatives from the quarter that many analysts are highlighting, including gross margin concerns and slower growth than expected. "Services are seen slowing to 8% to 9% Y/Y growth, on 50 bps more currency headwind," Crockett said. "We see pressures continuing at iPad and Wearables." ## **Needham on Apple Stock** Martin said Apple could be staking its future on the past. "Supply constraints risk AAPL’s moat," Martin said in a new investor note. The analyst said Apple did not answer questions on independent agents and their potential impact on the Services segment. ## **Apple Stock Price Action** Apple stock is down 1.91% to $331.90 on Tuesday versus a 52-week trading range of $243.42 to $351.73. 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