Jefferies Apple · AAPL

Jefferies Lowers Apple Price Target to $276.47

Analyst: Edison Lee 1 min read Reproduced verbatim
Rating
Hold
Target
$276
from $283 (−2%)
Outcome
Reached
on February 4, 2026
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What the analyst said

Jefferies analyst Edison Lee lowered the price target on Apple (NASDAQ: AAPL) to $276.47 (from $283.36) while maintaining a Hold rating.

“AAPL has corrected 13% from its peak on Dec 2, driven by signs of slowdown in service rev. Sensor Tower data shows AppStore rev grew only ~7% in Dec Q, slowest in the last 7 Qs.

We also see risk of slowdown in its GOOG-related ad rev to HSD. We keep our hardware forecasts but trim service rev growth, still expecting a slight beat (3%) in upcoming results (Jan 29).

But our FY26E/27E is only in line. At 2.4x PEG we believe the stock will likely be range bound.”

Disclaimer
The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.

This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.

Where the price stands

AAPL trades at $345. The 16 analysts who set a target in the last 3 months range from $250 to $400, with a median of $358. This $276 target is 23% below the median.

Since the note AAPL has moved +39% (from $248). 12-month window: day 280 of 365, closes on January 26, 2027.

Track record

This call✓ Target reached on February 4, 2026, 9 days after the note.

Firm track recordJefferies: 90% of its 10 targets at least a year old were reached within 12 months. Accuracy ranking →

Jefferies on Apple

Jefferies price targets on Apple

5 calls from January 26, 2026 to September 9, 2026. The target went from $276.47 to $263.66 (−5%). The rating moved from Hold to Sell.

Jefferies targetAAPL share price
  1. September 9, 2026Target raised from $250 (+5%)Sell$263.66
  2. August 14, 2026Target cut from $264 (−5%)Sell$250
  3. August 10, 2026Downgraded to Sell, target cut from $299.88 (−12%)Sell$264
  4. May 4, 2026Target raised from $276.47 (+8%)Hold$299.88
  5. January 26, 2026 This noteEarliest call shownHold$276.47
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Other analysts on Apple

BernsteinBuy Kept rating and price target Oct 29 $370maintained EvercoreBuy Kept rating and price target Oct 27 $380maintained UBSHold Kept rating and price target Oct 20 $296maintained Loop CapitalHold Downgraded, cut price target −11% Oct 20 $330from $370 KeyBancSell Kept rating and price target Oct 19 $250maintained
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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.