Apple stock: Loop Capital cuts target for Apple stock from USD 370.00 to USD 330.00

Published on 10/21/2026 at 16:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Apple reports on November 2, 2026 after the close. Apple stock costs EUR 302.80 on October 21, 2026, down 0.08 percent versus Xetra close.

Target cut and earnings date

Loop Capital cut its Apple target from USD 370.00 to USD 330.00 on October 20, 2026.
Apple is scheduled to report fiscal fourth-quarter results on November 2, 2026.
Apple stock costs EUR 302.80 at Lang & Schwarz on October 21, 2026 at 4:41 p.m. CEST, 0.08 percent below the Xetra close of October 20, 2026.

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Apple stock (ISIN US0378331005) is trading at EUR 302.80 at Lang & Schwarz on October 21, 2026 at 4:41 p.m. CEST, down 0.08 percent versus the Xetra close of October 20, 2026 at EUR 303.05. Loop Capital downgraded Apple from Buy to Hold and cut its price target from USD 370.00 to USD 330.00 on October 20, 2026, according to Finbold.

Why the target fell to USD 330.00

Loop Capital analyst Ananda Baruah cited weaker iPhone shipment expectations and rising memory costs. The firm expects 79 million iPhones in the December quarter, down from its previous estimate of 85 million, while its normalized earnings per share estimate fell from USD 12.00 to USD 11.00, Finbold reported on October 20, 2026.

The revised target is 3.27 percent below Apple's USD 341.15 Nasdaq price at 10:52 a.m. ET on October 21, 2026. That comparison uses the home-exchange price rather than the euro quotation.

Apple stock remains near its high

The Nasdaq price was USD 341.15, up USD 1.65 or 0.49 percent from the prior Nasdaq close at the cited time. Apple's 52-week range was USD 243.42 to USD 348.15, placing the price 2.01 percent below the high. Trading volume stood at 7,511,640 shares.

Apple's market capitalization was USD 5.0 trillion and its price-to-earnings ratio was 39.04 on October 21, 2026. The company reported fiscal third-quarter revenue of USD 109.42 billion for the period ended June 27, 2026, up 16.00 percent year over year, with diluted earnings per share of USD 2.02 and a 50.10 percent gross margin, according to Finbold.

What comes next for Apple?

Apple is scheduled to report fiscal fourth-quarter results on November 2, 2026 after the market close. MarketBeat lists consensus revenue of USD 113.31 billion and consensus earnings per share of USD 1.99 for the quarter.

Comparison with peers

Apple: down 0.08 percent versus the Xetra close, P/E 39.04, market capitalization USD 5.0 trillion.

Microsoft (Nasdaq, USD): down 0.30 percent, P/E 29.54, market capitalization USD 3.9 trillion.

Alphabet (Nasdaq, USD): down 2.39 percent, P/E 16.49, market capitalization USD 4.0 trillion.

Apple stock at Lang & Schwarz

Apple stock stood at EUR 302.80 at Lang & Schwarz on October 21, 2026 at 4:41 p.m. CEST, down 0.08 percent versus the Xetra close of October 20, 2026 at EUR 303.05. On the Nasdaq, Apple was trading at USD 341.15 on October 21, 2026 at 10:52 a.m. ET.

The further course of trading is shown by the continuously updated real-time quote of Apple stock.