JPMorgan raised target for Apple stock to USD 360.00

Published on 10/14/2026 at 12:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

JPMorgan lifted its target to USD 360.00 on October 12, 2026. Apple stock costs EUR 306.35 on October 14, 2026 versus the EUR 308.30 close.

Analyst target and earnings cycle

JPMorgan raised its Apple target from USD 340.00 to USD 360.00 on October 12, 2026.
Fiscal third-quarter revenue reached USD 109.42 billion, up 16.40 percent year over year.
Apple stock trades at EUR 306.35 at 11:56 a.m. CEST at Lang & Schwarz on October 14, 2026, 0.63 percent below the Xetra close of October 13, 2026.

Schwarzweiß-Dokumentarfoto einer Elektronik-Fertigungslinie mit Arbeitern an Werkbänken — Dokumentarische Schwarzweiß-Reportage zeigt Fertigungshalle für Unterhaltungselektronik von Apple Inc., ISIN US0378331005, mit Arbeitern, Illustration mit AI erstellt.

Apple stock (ISIN US0378331005) was trading at EUR 306.35 at Lang & Schwarz on October 14, 2026, at 11:56 a.m. CEST, 0.63 percent below the Xetra close of October 13, 2026 at EUR 308.30. According to Markets Insider on October 12, 2026, JPMorgan raised its Apple price target from USD 340.00 to USD 360.00 and kept an Overweight rating.

What does the target change mean?

JPMorgan's change came with a more nuanced demand view. The bank cited supplier indications of lower volume plans but interpreted them as launch-seasonality adjustments rather than a break in the longer iPhone cycle, according to Yahoo Finance on October 13, 2026.

That distinction matters because JPMorgan also projected that the delayed standard iPhone 18 could reduce iPhone revenue by 2.00 percent year over year. The bank expects the foldable iPhone Duo to sell 8.5 million units before the end of 2026, a forecast that could offset part of the launch-timing pressure.

Revenue growth raises the bar

Apple's fiscal third-quarter results provide the latest operating baseline. AlphaStreet reported that the quarter ended June 27, 2026 generated USD 109.42 billion in revenue, compared with USD 94.00 billion a year earlier, while net income reached USD 29.80 billion versus USD 23.40 billion.

MarketBeat said diluted earnings per share came to USD 2.02 against a USD 1.89 consensus estimate in fiscal third quarter 2026. Revenue was up 16.40 percent year over year, giving the upcoming report a high comparison base.

Three dated Apple milestones

On July 30, 2026, Apple reported fiscal third-quarter diluted earnings per share of USD 2.02, according to MarketBeat. On October 1, 2026, Morgan Stanley cut its target from USD 360.00 to USD 355.00 while retaining an Overweight rating, according to Roic News. JPMorgan's USD 360.00 target followed on October 12, 2026.

Next reporting date

Apple's next earnings report is scheduled for November 2, 2026, according to Beinsure. The date will put the September quarter, the iPhone 18 launch cycle and Services growth on the same scorecard.

Apple stock stays below Xetra close

At Lang & Schwarz, Apple stock was trading at EUR 306.35 at 11:56 a.m. CEST on October 14, 2026, down 0.63 percent versus the Xetra close of October 13, 2026 at EUR 308.30. The current market capitalization was USD 5.0 trillion as of October 13, 2026.

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