JPMorgan raises target for Apple stock from USD 340 to USD 360

Published on 10/15/2026 at 10:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Apple revenue rose 16.40 percent in fiscal third quarter 2026. Apple stock costs EUR 307.60 on October 15, 2026, 1.20 percent below the Xetra close.

Analyst view and upcoming test

JPMorgan lifted its Apple target from USD 340.00 to USD 360.00 on October 14, 2026.
Fiscal third-quarter revenue reached USD 109.42 billion, up 16.40 percent year over year.
Apple stock trades at EUR 307.60 at 10:41 a.m. CEST at Lang & Schwarz on October 15, 2026, 1.20 percent below the Xetra close of October 14, 2026.

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Apple stock (ISIN US0378331005) was trading at EUR 307.60 at Lang & Schwarz on October 15, 2026 at 10:41 a.m. CEST, 1.20 percent below the Xetra close of October 14, 2026. JPMorgan raised its Apple price target from USD 340.00 to USD 360.00 on October 14, 2026, according to Yahoo Finance.

JPMorgan backs the Pro cycle

The new target came as supplier reports pointed to lower October orders for the iPhone 18 Pro and Pro Max. JPMorgan analyst Samik Chatterjee argued that such adjustments reflect launch timing rather than a weaker upgrade cycle, while demand for the Pro models was running fractionally ahead of the prior generation, Yahoo Finance reported on October 14, 2026.

What does the target mean for valuation?

The USD 360.00 target is 4.97 percent above the last Nasdaq quote of USD 342.96 on October 14, 2026 at 4:00 p.m. ET. The counterweight is execution risk: the same report said JPMorgan expects December-quarter earnings to land 4 percent below consensus and iPhone shipments to fall 18 percent year over year.

Three events frame the story

On July 30, 2026, Apple reported fiscal third-quarter revenue of USD 109.42 billion, up 16.40 percent year over year, and earnings per share of USD 2.02 against a USD 1.89 consensus estimate, according to The Stock Observer. On September 1, 2026, John Ternus became chief executive officer. On October 14, 2026, JPMorgan raised its target to USD 360.00.

Upcoming dates set the test

The next product dates are October 16, 2026, when iPhone Duo preorders begin, and October 23, 2026, when sales start. Apple is scheduled to report fiscal fourth-quarter results on November 2, 2026, according to iGeeksBlog.

Apple stock stays below the Xetra close

Apple's euro quote was lower than the previous Xetra session, while the analyst target leaves limited room above the latest Nasdaq level. The investment case now turns on whether premium iPhone demand can offset component costs and the delayed standard model. Apple stock was trading at EUR 307.60 at Lang & Schwarz on October 15, 2026 at 10:41 a.m. CEST, 1.20 percent below the Xetra close of October 14, 2026 (EUR 311.35). The further course of trading is shown by the continuously updated real-time quote of Apple stock.