After Jefferies and Rosenblatt Securities, Needham downgrades Apple; says: For this stock to work, it must have …

Apple Inc. shares declined 0.6% in premarket trading on Wednesday, signaling a continuation of its 2025 struggles, with the stock down 19% year-to-date, the weakest performance among the Magnificent Seven, according to Bloomberg. Wall Street’s concerns center on Apple’s growth prospects and its lagging position in the artificial intelligence (AI) landscape, compounded by competitive pressures and political risks.

Needham & Company downgraded Apple to hold from buy, joining a growing list of firms tempering expectations. Analyst Laura Martin highlighted multiple risks, including intense competition, sluggish growth, and a valuation that “looks expensive on several metrics.”