Loop Capital cut Apple's target: Apple stock falls 1.05 percent

Published on 10/27/2026 at 11:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Loop cut Apple's target from USD 370.00 to USD 330.00 on October 20, 2026. Apple stock costs EUR 307.53 on October 27, 2026 versus EUR 310.80.

Analyst caution meets earnings test

Loop Capital cut its Apple target from USD 370.00 to USD 330.00 on October 20, 2026.
Apple reported USD 109.42 billion of fiscal third-quarter revenue, up 16.40 percent year over year.
Apple stock trades at EUR 307.53 at 11:12 a.m. CEST at Lang & Schwarz on October 27, 2026, 1.05 percent below the Xetra close of October 26, 2026.
Apple is scheduled to report fiscal fourth-quarter results on November 2, 2026.

Apple, US0378331005, Illustration mit AI erstellt.

Apple (ISIN US0378331005) was trading at EUR 307.53 at Lang & Schwarz on October 27, 2026 at 11:12 a.m. CEST, down 1.05 percent versus the Xetra close of October 26, 2026 at EUR 310.80. On October 20, 2026, Loop Capital downgraded Apple to Hold from Buy and cut its price target from USD 370.00 to USD 330.00, as CNBC reported.

Apple valuation faces a test

The downgrade focused on iPhone shipment expectations and rising memory costs. Investing.com reported that Loop Capital reduced its normalized earnings-per-share estimate from USD 12.00 to USD 11.00 and applied a 30-times price-to-earnings multiple to the new target.

Three dates frame Apples setup

On July 30, 2026, Apple reported fiscal third-quarter revenue of USD 109.42 billion, up 16.40 percent year over year, while earnings per share reached USD 2.02 versus a USD 1.89 consensus estimate, according to MarketBeat. On October 20, 2026, Loop Capital lowered the target to USD 330.00. On October 27, 2026, the Lang & Schwarz quote stood at EUR 307.53.

What does the downgrade mean for margins?

The immediate issue is not a reported earnings decline but the valuation demanded by the stock. Loop Capital described Apple at 36 times earnings and flagged memory costs as a gross-margin risk, while its revised target sits below the prior USD 370.00 level. That contrast gives the upcoming report a clear test: strong revenue growth must be matched by evidence that component costs will not erode profitability.

Earnings date sets the next test

Apple is scheduled to report fiscal fourth-quarter results after the market close on November 2, 2026, with consensus revenue of USD 113.31 billion and earnings per share of USD 1.99, according to MarketBeat. Investors will receive a fresh read on iPhone demand, memory expenses and the strength of the services business.

Price remains the daily signal

The euro quotation is 1.05 percent below the Xetra close, leaving the market focused on whether Apple can support its premium valuation with the next results. The Nasdaq reference price was USD 343.91 on October 26, 2026, while Apple carried a market capitalization of USD 5.0 trillion on that date. Apple was trading at EUR 307.53 at Lang & Schwarz on October 27, 2026 at 11:12 a.m. CEST, 1.05 percent below the Xetra close of October 26, 2026 at EUR 310.80. The further course of trading is shown by the continuously updated real-time quote of Apple stock.