Apple Stock Gets Mixed Signals: UBS Stays Neutral as App Store Growth Cools
UBS maintained a Neutral rating on Apple with a $280 target, citing slower App Store growth of about 7% in the December quarter. BofA Securities and Evercore ISI kept Buy ratings and $325 targets, pointing to steadier trends. Analysts highlighted ongoing weakness in gaming and China. App Store revenue growth was estimated at 6–7% year-on-year.