Apple (NASDAQ:AAPL) was downgraded from a "buy" to a "hold" rating by equity researchers at Wall Street Zen on Sunday, November 9, 2025. This change in rating suggests a more cautious outlook on the stock's near-term performance from the firm. The downgrade comes after Apple reported its quarterly earnings on Thursday, October 30th, where it posted earnings per share of $1.85, beating the consensus estimate of $1.74. The company's revenue for the quarter was $102.47 billion, which also surpassed analyst expectations of $101.65 billion. Despite the strong recent performance, the downgrade may reflect concerns about future growth or valuation. Other analyst ratings around this period have been mixed but generally positive. For instance, Bank of America raised its target price on Apple to $320.00 in late October, maintaining a "buy" rating. No significant immediate market reaction to the Wall Street Zen downgrade has been reported.