Apple (AAPL) shares continued losses for seven straight sessions, as the stock closed 0.4% lower at $259.23 on Thursday.
The tech giant lost nearly 4.7% in the preceding six sessions. Overall, the stock gained nearly 7.5% in the past year, compared to the approximately 17% rise in the broader S&P 500 Index. AAPL closed 0.77% lower on Wednesday at $260.33.
AAPL is down about 7% over the past one month.
JPMorgan Chase (JPM) struck a deal to acquire the Apple (AAPL) credit card program from Goldman Sachs (GS), according to a media report on Wednesday, a transaction that would further bolster Chase’s already enviable position in consumer credit.
Looking at Seeking Alpha’s Quant Rating, AAPL has a Hold rating with a score of 3.46 out of 5. The company received an A+ in the prospect of profitability, while it got a D- for growth and an F for valuation.
Turning to the Wall Street community, 29 out of 49 analysts gave AAPL a Buy or above, 16 analysts have given the stock a Hold recommendation, and four recommended Sell or lower.
Seeking Alpha analyst Motti Sapir rated the stock as a buy, saying that Apple remains a smart investment, driven by its resilient business model and robust cash generation despite a premium valuation.
“AAPL’s strategic supply chain shifts, aggressive R&D, and embedded AI position it to adapt quickly to regulatory and competitive threats,” Sapir added.
Seeking Alpha analysts are cautious and see the stock as a Hold.