JPMorgan cuts Apple stock price target on soft iPhone 17 outlook and delayed AI payoff<div class="feat-image">

</div><p>Apple’s stock took a minor confidence hit today, as JPMorgan lowered its price target, though the firm kept its overall rating intact.</p>
<p>The adjustment comes as analyst Samik Chatterjee and his team dial back expectations for Apple’s medium-term revenue and earnings, citing weakening demand drivers tied to the upcoming iPhone 17 cycle. Here are the details.</p>
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JPMorgan cuts Apple stock price target on soft iPhone 17 outlook and delayed AI payoff