SA analyst upgrades/downgrades: HD, AAPL, TMUS, TNXP

[Stock market and exchange concept with skyline, bar graph, chart and stock ticker.]
Torsten Asmus

Home Depot (HD [https://seekingalpha.com/symbol/HD]) sees a downgrade due to overvaluation concerns amidst mixed financial results, while T-Mobile (TMUS [https://seekingalpha.com/symbol/TMUS]) receives an upgrade reflecting robust growth and strong earnings potential. Tonix Pharmaceuticals (TNXP [https://seekingalpha.com/symbol/TNXP]) is upgraded on the back of potential success with its newly approved drug, despite some initial setbacks. On the contrary, Apple (AAPL [https://seekingalpha.com/symbol/AAPL]) faces a downgrade driven by slow growth and low returns despite a strong quarterly performance.

UPGRADES

*
T-Mobile US, Inc. (TMUS [https://seekingalpha.com/symbol/TMUS]): Upgrade Neutral to Positive by The Value Portfolio [https://seekingalpha.com/article/4814725-t-mobile-another-ratings-upgrade-in-store]. The analyst recognizes T-Mobile’s consistently exceeding expectations and sustained growth, which highlights its potential as a valuable investment opportunity.

> _The company managed to add 1.7 million new postpaid net customers, beating out peers with postpaid net customers of 830 thousand. The company saw increased churn in its operations, but it’s continued to do well… The company saw a 6% YoY increase in total service revenues to $17.4 billion, with increased postpaid growth by 9% to $14.1 billion. The net result is strong carryover to the company’s bottom line, with a 10% increase in net income and a 14% expansion in diluted EPS to $2.84 per share._

*
Tonix Pharmaceuticals Holding Corp. (TNXP [https://seekingalpha.com/symbol/TNXP]): Upgrade by The Techie [https://seekingalpha.com/article/4814864-tonix-pharma-soars-then-sinks-whats-next-after-tonmya-approval-upgrade]. Tonix Pharmaceuticals has been upgraded due to the potential revenue benefits from its FDA-approved drug, Tonmya, despite current valuation concerns.

> _With the stock pulling back so much, as shown above, and an additional 7% drop in the pre-market this morning, I see this new level as a buy-in opportunity for investors willing to hold throughout the rest of 2025 as Tonmya grows legs… In the base case, assuming $225 monthly pricing and 3% to 5% penetration, Tonmya could be generating between $219 million and $365 million in annualized revenue by late 2026._

DOWNGRADES

*
The Home Depot, Inc. (HD [https://seekingalpha.com/symbol/HD]): Downgrade Hold to Sell by Bay Area Ideas [https://seekingalpha.com/article/4814910-home-depot-sell-the-post-earnings-pop-downgrade]. The analyst downgrades Home Depot due to overvaluation concerns combined with weak near-term earnings outlook despite expansion efforts.

> _Due to a higher valuation but continued unfavorable outlook, I have decided to downgrade the stock to a Sell… With that being the case, as stated above, the valuation seems elevated currently as the forward P/E and growth expectations diverge. With the risk/reward having deteriorated since my previous article, I believe a Sell rating is now justified. HD investors should consider the post-earnings pop as an opportunity to exit._

*
Apple Inc. (AAPL [https://seekingalpha.com/symbol/AAPL]): Downgrade to Sell by Kenio Fontes [https://seekingalpha.com/article/4814752-apple-stock-i-dont-count-on-its-magic-anymore-rating-downgrade]. Concerns about Apple’s premium valuation and low expected returns lead to a downgrade despite its strong fiscal performance.

> _Apple remains an excellent company and may still have upside in two scenarios, in my view. The first is where the market continues (I don’t know for how long) to give this high quality premium to the company, and the second is if any positive surprises occur… Therefore, even if in a model the company can achieve a total return of somewhere between mid and high single digits per year, I don’t think it’s enough to have a buy or even a hold rating._

MORE ON MARKETS

* The Outlook For S&P 500 Dividends In August 2025 [https://seekingalpha.com/article/4815198-outlook-sp500-dividends-august-2025]
* Are Valuations Starting To Matter Again? [https://seekingalpha.com/article/4815195-are-valuations-starting-to-matter-again]
* Kiwi Pounded On Dovish Guidance By RBNZ And U.K. Gilts Rise Despite Higher-Than-Expected CPI [https://seekingalpha.com/article/4815194-kiwi-pounded-dovish-guidance-rbnz-uk-gilts-rise-despite-higher-than-expected-cpi]
* Stocks with the largest increases in short interest so far in 3Q – Goldman Sachs [https://seekingalpha.com/news/4487531-stocks-with-the-largest-increases-in-short-interest-so-far-in-3q-goldman-sachs]
* Wall Street retreats as focus shifts to retail earnings and Fed minutes [https://seekingalpha.com/news/4487467-sp500-nasdaq-dow-jones-outlook-stock-market]