Rosenblatt Raises Apple Price Target to $267
Rosenblatt analyst Barton Crockett raised the price target on Apple (NASDAQ: AAPL) to $267.00 (from $250.00) while maintaining a Neutral rating.
“Consumer demand for iPhones in F1Q26 blew past Apple’s guidance and production capacity. Consolidated and product gross margins rose nicely, despite all the supply chain noise.
History says this powerful iPhone cycle will probably continue for the year, then normalize.
With the P/E still near 30x, and EPS growth still in the low double-digit/mid-teens range, it’s hard for us to argue for multiple expansion.
So while we admire the company and the quarter, we move our price target up only 7%, or $17, to $267 to reflect raised EPS estimates and a 31x P/E. We retain a NEUTRAL rating.”
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