JPMorgan raises Apple stock target to USD 360.00

Published on 10/20/2026 at 11:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Apple's fiscal third-quarter revenue reached USD 109.42 billion, up 16.40 percent year over year. Apple stock costs EUR 303.18 on October 20, 2026.

Analyst target and reporting dates

JPMorgan lifted its Apple target from USD 340.00 to USD 360.00 on October 12, 2026.
Apple reported USD 109.42 billion in fiscal third-quarter revenue on July 30, 2026, up 16.40 percent year over year.
Apple stock trades at EUR 303.18 at 11:16 a.m. CEST at Lang & Schwarz on October 20, 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 (ISIN US0378331005) generated USD 109.42 billion in fiscal third-quarter revenue, up 16.40 percent year over year, according to FinDog on July 30, 2026. JPMorgan raised its Apple target from USD 340.00 to USD 360.00 on October 12, 2026, while keeping its Overweight rating, as EconoTimes reported.

Target rises as estimates shift

The JPMorgan move combines a higher long-term valuation with lower near-term iPhone estimates. The bank cited changing revenue seasonality and supplier indications of smaller volume plans, while retaining confidence in iPhone growth for fiscal 2027 and fiscal 2028.

That combination gives Apple stock two competing signals before the next earnings report: a higher target and a more cautious near-term volume view. The target increase is USD 20.00, or 5.88 percent from the previous USD 340.00 target.

Three dated Apple developments

On July 30, 2026, Apple reported fiscal third-quarter revenue of USD 109.42 billion and diluted earnings per share of USD 2.02, according to FinDog. On September 1, 2026, John Ternus became chief executive officer and Tim Cook became executive chairman, according to the same source. On October 12, 2026, JPMorgan raised its target from USD 340.00 to USD 360.00, according to EconoTimes.

Which dates matter next?

MetaCap lists October 29, 2026, for Apple's next reported results. A separate earnings calendar from FinDog lists November 2, 2026, after the market close.

What does the target change mean?

The higher USD 360.00 target sits above the current USD 342.94 Nasdaq close from October 19, 2026, while the USD 263.66 Jefferies target shows the range of published views, according to MetaCap. Apple also reported USD 29.79 billion in fiscal third-quarter net income and a 50.10 percent gross margin, with tariff refunds contributing to the margin result.

Apple stock price in euros

Apple stock was trading at EUR 303.18 at Lang & Schwarz on October 20, 2026 at 11:16 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Apple stock.