Apple Stock Drops Amid Concerns Over Short-Term Margin Pressures
Apple (AAPL) stock fell by 2.3% on July 20, 2026, despite a 'buy' rating from Bank of America analyst Wamsi Mohan with a $380 price target. Investors reacted negatively to concerns over short-term margin declines due to rising component costs in the upcoming Q3 and Q4 reports.
Topics: Apple Bank of America analyst note gross margin concerns short-term stock drop