Loop Capital cuts target for Apple stock from USD 370 to USD 330

Published on 10/21/2026 at 11:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Loop Capital cut Apple's target from USD 370.00 to USD 330.00 on October 20, 2026. Apple stock costs EUR 300.38 on October 21, 2026, 0.88 percent below the Xetra close.

Quarterly figures and market dates

Loop Capital cut Apple's target from USD 370.00 to USD 330.00 on October 20, 2026.
Apple reported USD 109.42 billion in fiscal third-quarter revenue, up 16.00 percent year over year.
Apple stock trades at EUR 300.38 at 11:03 a.m. CEST at Lang & Schwarz on October 21, 2026, 0.88 percent below the Xetra close of October 19, 2026.

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Apple (ISIN US0378331005) stock was trading at EUR 300.38 at Lang & Schwarz on October 21, 2026 at 11:03 a.m. CEST, 0.88 percent below the Xetra close of October 19, 2026 at EUR 303.05. CNBC reported on October 20, 2026 that Loop Capital downgraded Apple from Buy to Hold and cut its price target from USD 370.00 to USD 330.00.

Loop flags iPhone demand risk

Loop Capital analyst Ananda Baruah cited weaker expectations for iPhone shipments and rising memory costs. The revised target is based on a 30 times earnings multiple, while Apple traded at 36 times earnings in the comparison cited by CNBC.

Finbold reported that Loop reduced its December-quarter iPhone shipment estimate to 79 million units from 85 million and cut its normalized earnings-per-share estimate to USD 11.00 from USD 12.00.

Three dates show the shift

On July 30, 2026, Apple reported fiscal third-quarter revenue of USD 109.42 billion, up 16.00 percent year over year, according to Stocks Down Under. On October 13, 2026, Apple reached a record high of USD 348.15, as Investor's Business Daily reported. On October 20, 2026, Loop Capital cut its rating and target, according to CNBC.

What dates matter next?

Apple's next substantiated reporting date is November 2, 2026. MacRumors reported that fiscal fourth-quarter results are scheduled for that date, with the earnings release at 1:30 p.m. Pacific Time and the call at 2:00 p.m. Pacific Time. Apple also has an October 28, 2026 product event listed in current company coverage.

Revenue must support valuation

Apple's fiscal third-quarter gross margin was 50.10 percent, including a tariff-refund benefit, while diluted earnings per share rose 29.00 percent to USD 2.02, according to Finbold. That strong operating base now faces a higher valuation hurdle after the stock's advance.

The current euro quote places the stock below the dated Xetra reference, while the next earnings report will test shipment assumptions and margin resilience. Apple was trading at EUR 300.38 at Lang & Schwarz on October 21, 2026 at 11:03 a.m. CEST, 0.88 percent below the Xetra close of October 19, 2026 at EUR 303.05. The further course of trading is shown by the continuously updated real-time quote of Apple stock.