Apple (NASDAQ:AAPL) Stock Price Target Cut by JPMorgan Chase & Co.

Apple (NASDAQ:AAPL) had its price target cut by research analysts at JPMorgan Chase & Co. from $360.00 to $355.00 in a report issued on Tuesday, Benzinga reports. The firm presently has an “overweight” rating on the iPhone maker’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 6.77% from the stock’s current price.

Several other equities research analysts also recently weighed in on AAPL. Maxim Group increased their target price on shares of Apple from $350.00 to $380.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Evercore restated an “outperform” rating on shares of Apple in a research report on Tuesday, October 27th. Raymond James Financial reaffirmed a “market perform” rating on shares of Apple in a research note on Tuesday. Needham & Company LLC reaffirmed a “hold” rating on shares of Apple in a research note on Thursday, October 1st. Finally, Phillip Securities increased their price objective on Apple from $290.00 to $300.00 and gave the stock a “neutral” rating in a research report on Monday, September 14th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Apple presently has an average rating of “Moderate Buy” and an average price target of $343.28.

Apple Stock Performance

AAPL stock traded down $5.82 on Tuesday, hitting $332.50. The company’s stock had a trading volume of 34,550,596 shares, compared to its average volume of 48,316,914. The firm has a 50 day moving average of $333.62 and a two-hundred day moving average of $296.77. Apple has a 1 year low of $243.42 and a 1 year high of $351.73. The stock has a market cap of $4.85 trillion, a price-to-earnings ratio of 38.04, a price-to-earnings-growth ratio of 2.72 and a beta of 1.07. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Monday, November 2nd. The iPhone maker reported $2.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.99 by $0.11. The firm had revenue of $114.48 billion during the quarter, compared to analysts’ expectations of $113.40 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. Apple’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.85 EPS. Equities analysts predict that Apple will post 8.75 EPS for the current fiscal year.

Insider Activity at Apple

In related news, insider Timothy Cook sold 191,753 shares of the firm’s stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $332.96, for a total value of $63,846,078.88. Following the completion of the transaction, the insider directly owned 3,264,168 shares of the company’s stock, valued at $1,086,837,377.28. This trade represents a 5.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Deirdre O’brien sold 46,389 shares of Apple stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $333.42, for a total value of $15,467,020.38. Following the transaction, the senior vice president directly owned 136,810 shares of the company’s stock, valued at $45,615,190.20. This trade represents a 25.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 289,252 shares of company stock valued at $96,301,063. 0.06% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AAPL. State Street Corp lifted its position in shares of Apple by 4.7% in the second quarter. State Street Corp now owns 630,662,494 shares of the iPhone maker’s stock valued at $182,897,769,000 after acquiring an additional 28,321,085 shares in the last quarter. Berkshire Hathaway Inc purchased a new stake in shares of Apple during the second quarter worth about $65,950,297,000. Bank of America Corp DE bought a new stake in Apple during the 2nd quarter valued at approximately $36,986,090,000. Legal & General Group Plc bought a new stake in Apple during the 2nd quarter valued at approximately $30,443,242,000. Finally, Amundi lifted its holdings in Apple by 23.2% in the 1st quarter. Amundi now owns 73,082,616 shares of the iPhone maker’s stock worth $18,547,637,000 after purchasing an additional 13,780,080 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple exceeded expectations with fiscal fourth-quarter revenue of $114.5 billion and earnings of $2.10 per share. Revenue increased 12% year over year, led by strong iPhone 18 Pro and Mac demand, while Services reached a record. Apple results beat Wall Street expectations on strong iPhone sales
• Positive Sentiment: Management forecast first-quarter fiscal 2027 revenue of $153.8 billion to $158.1 billion, above the roughly $152.6 billion consensus estimate, suggesting holiday demand remains robust.
• Positive Sentiment: Several analysts raised their price targets or maintained Buy ratings, citing resilient iPhone demand, Services growth, Apple’s installed base and potential long-term AI opportunities. Apple Buy rating reaffirmed at $370 target
• Neutral Sentiment: Apple declared a quarterly dividend of $0.27 per share, maintaining its shareholder-return program, although the approximately 0.3% yield is unlikely to drive near-term trading.
• Negative Sentiment: Apple projected a 45%–46% gross margin for the December quarter, below the September quarter’s underlying level. Executives cited “unprecedented” memory-price inflation, supply constraints and higher costs associated with Siri AI. Apple’s John Ternus faces early test as memory crisis hurts profits
• Negative Sentiment: Components inventory rose sharply to $10.4 billion from $2.1 billion a year earlier, while manufacturing purchase commitments increased substantially. Investors fear Apple may absorb rising costs rather than fully pass them on to customers.
• Negative Sentiment: Slower projected Services growth, weaker Greater China results and uncertainty over Apple’s ability to monetize AI are adding pressure to a premium valuation. The margin warning outweighed the earnings beat, with memory-chip suppliers benefiting as Apple’s costs become their pricing power.

Apple Company Profile

Apple Inc designs, develops and sells consumer electronics, software and digital services. Its best-known products include the iPhone smartphone, Mac personal computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and applications that support its hardware ecosystem.

Apple’s services business includes the App Store, Apple Music, Apple TV, Apple Arcade, iCloud, Apple Pay and other subscription, payment and digital-content offerings.