Raymond James Apple · AAPL

Raymond James Reiterates Market Perform Rating on Apple Following CEO Transition

Analyst: Srini Pajjuri 1 min read Reproduced verbatim
Rating
Market Perform
Unchanged
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What the analyst said

Raymond James analyst Srini Pajjuri reiterated a Market Perform rating on Apple (NASDAQ: AAPL).

“We maintain our Market Perform rating on Apple following the announced CEO transition, with Tim Cook stepping down and Senior Vice President of Hardware Engineering John Ternus assuming the role effective September 1, 2026.

We view the transition as incrementally positive for product innovation, though it introduces heightened execution risk at a critical juncture. We remain on the sidelines.”

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Firm track recordRaymond James: 73% of its 11 targets at least a year old were reached within 12 months. Accuracy ranking →

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