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Apple is the most shorted stock in Jefferies’ list of 16 tech stocks
Apple has become the most shorted stock in Jefferies’ “Sweet 16” group of leading tech firms, with traders betting against it by…
Apple has become the most shorted stock in Jefferies’ “Sweet 16” group of leading tech firms, with traders betting against it by selling borrowed shares, hoping to repurchase them later at a reduced price. The bank reiterated a Buy rating on the stock on Tuesday, lowering its price target from $259 to $256, a figure that suggests the shares could rally 25% in the next 12 months. While Goldman acknowledged tariff risks and slowing gadget sales, it said investors are overlooking the potential benefits of Apple’s loyal customer base.
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