Citigroup lowers Apple PT on memory pricing concerns; shares fall
ReutersJan 20, 2026 3:30 PM
Shares of iPhone maker Apple AAPL.O down 1.7% at $251.32
Citigroup cuts PT on AAPL to $315 from $330
Lowers gross margin estimates for FY26 to FY28, citing higher memory-component pricing risk, particularly DRAM (dynamic random access memory)
Of 48 brokerages tracking the stock, 29 rate it "buy" or higher, 17 "hold" and two "sell"; median PT of $291.50, according to LSEG-compiled data
AAPL rose 8.6% in 2025
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