After getting pounded last week, Apple's stock got a reprieve from investors on Monday, rising $9.95, or 2.3%, to $449.83.
But how long that will last remains to be seen. Analysts continue to lower their target for Apple's stock price, which has fallen dramatically since it peaked at $702.10 last September.
Back on Sept. 19, when the stock reached the closing high, a consensus of 63 analysts on Bloomberg had a target price of $777.67 for the next 12 months. On the eve of the first-quarter earnings call last week, that target had tumbled to $640.85.
Since that call, the target price has fallen further, to $621.76. And some are worried that's not low enough.
In a note to investors on Monday, Will Power, equity analyst at R.W. Baird, downgraded the stock from "outperform" to "neutral." He lowered his target price from $570 to $465.