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

Published on 10/19/2026 at 09:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Apple's target rose from USD 340 to USD 360 on October 14, 2026. Apple stock costs EUR 306.65 on October 19, 2026 versus its EUR 306.80 Xetra close.

The next Apple milestones

Apple's target rose from USD 340 to USD 360 on October 14, 2026.
Fiscal fourth-quarter revenue guidance called for 9 percent to 11 percent growth.
Apple stock trades at EUR 306.65 at 9:17 a.m. CEST at Lang & Schwarz on October 19, 2026, 0.05 percent below the Xetra close of October 16, 2026.
Apple is scheduled to report fiscal fourth-quarter results on November 2, 2026.

Aquarellbild einer sonnigen kalifornischen Stadtlandschaft mit Palmen und Hügeln — Aquarellmalerei zeigt Skyline von Cupertino Kalifornien mit Palmen für Apple Inc., ISIN US0378331005, künstlerisch interpretiert, Illustration mit AI erstellt.

Apple (ISIN US0378331005) was trading at EUR 306.65 at Lang & Schwarz on October 19, 2026 at 9:17 a.m. CEST, 0.05 percent below the EUR 306.80 Xetra close of October 16, 2026. The key catalyst is JPMorgan's October 14, 2026 decision to raise its Apple price target from USD 340 to USD 360, as reported by TheStreet.

JPMorgan backs demand resilience

The target increase came as suppliers reportedly reduced planned October component orders for the iPhone 18 Pro and Pro Max by at least 15 percent. JPMorgan analyst Samik Chatterjee kept an Overweight rating and argued that the cuts reflected Apple's launch timing rather than a weaker upgrade cycle, according to Apple World Today.

The counter-factor is execution risk in the holiday period. TheStreet reported that JPMorgan expected iPhone shipments to fall 18 percent year over year in the December quarter, while higher average selling prices could offset much of the volume decline. Memory costs, consumer demand and competition in China remain the main risks identified in the report.

What does the next quarter mean?

Apple's fiscal fourth-quarter outlook calls for revenue growth of 9 percent to 11 percent from the year-earlier quarter. Mac Life reported that the quarter covers June 28 through September 26, 2026, and that the guidance implies revenue of USD 111.7 billion to USD 113.8 billion against USD 102.5 billion in fiscal fourth-quarter 2025. The comparison puts the coming report at the center of the valuation debate.

Three dates frame the story

Apple's recent chronology runs from the September 1, 2026 CEO transition from Tim Cook to John Ternus, through the September 2026 revenue outlook of 9 percent to 11 percent, to JPMorgan's October 14, 2026 target increase from USD 340 to USD 360. The September transition and the October guidance were reported by Mac Life.

The next dated milestones are October 23, 2026, when the iPhone Duo is scheduled to begin sales, and November 2, 2026, when Apple is scheduled to publish fiscal fourth-quarter results, according to Apple and Mac Life.

Price holds near the yearly high

Apple's primary listing is on the Nasdaq, where the stock was last quoted at USD 343.46 on October 17, 2026. Its 52-week range was USD 243.42 to USD 348.15, placing the latest US quote below the upper end while the euro quotation stayed close to the Xetra reference level.

Apple's investor-relations page identifies fiscal third-quarter results for the quarter ended June 27, 2026, keeping the reporting period clear for the next comparison. The September-quarter guidance and the November reporting date give investors two concrete tests for the higher target.

Apple was trading at EUR 306.65 at Lang & Schwarz on October 19, 2026 at 9:17 a.m. CEST, 0.05 percent below the Xetra close of October 16, 2026 at EUR 306.80. The further course of trading is shown by the continuously updated real-time quote of Apple stock.