Analyst action$AAPL7:30 AM ET

Loop Capital downgrades Apple to Hold, cuts target to $330 on iPhone shipment concerns

By BORSA NewsroomPublished Oct 20, 2026, 7:30 AM EDTUpdated Oct 20, 2026, 7:32 AM EDT

Loop Capital downgraded Apple to Hold from Buy, cutting its price target to $330 from $370. Supply chain checks indicate Apple will not recover 13 million iPhone shipments cut from its 2026 plans. Loop now expects 79 million iPhones in the December quarter versus Wall Street's 85 million.

Sentimentbearish 25

Bearish · 25 of 100

Impact60

medium · sector-wide

Confidence60%

moderate confidence · single wire

Eventdeveloping

v1 · alerted to followers

WHAT WE KNOW

Loop Capital downgraded AAPL to Hold from Buy