Loop Capital Downgrades Apple to Hold and Cuts Price Target to $330

Loop Capital has downgraded Apple Inc. to Hold from Buy and cut its price target to $330 from $370, citing supply chain checks and unrecovered iPhone shipment cuts. The brokerage noted Apple will not recover the 13 million iPhone shipments reduced across the second half of 2026, which followed a 10% reduction in September- and December-quarter shipments. Consequently, Loop Capital trimmed its December-quarter iPhone volume forecast to 79 million units from the 85 million consensus, while lowering its 2027 earnings per share projection to $9.76 from $10.11.