Barclays Assigns Sell Rating to Apple with $253 Target

Barclays has issued a sell rating for Apple stock, setting a target price of $253, which is nearly 19% below the current price of $312. According to NS3.AI, analyst Tim Long highlighted that Apple's price-to-earnings (P/E) ratio of 34.7 times appears overextended when compared to the projected earnings for the calendar year 2027.