JP Morgan Apple · AAPL

JPMorgan Lowers Apple Price Target to $340

1 min read Reproduced verbatim
Rating
Overweight
Unchanged
Target
$340
from $345 (−1%)
Outcome
Reached
on September 25, 2026
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What the analyst said

JPMorgan analyst Samik Chatterjee lowered the price target on Apple (NASDAQ: AAPL) to $340 (from $345) while maintaining an Overweight rating.

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 $338. The 16 analysts who set a target in the last 3 months range from $250 to $400, with a median of $358. This $340 target is 5% below the median.

Since the note AAPL has moved +1% (from $333). 12-month window: day 94 of 365, closes on July 31, 2027.

Track record

This call✓ Target reached on September 25, 2026, 2 months after the note.

Firm track recordJP Morgan: 63% of its 27 targets at least a year old were reached within 12 months (#23 of 26 firms). Accuracy ranking →

Earnings reactionOne of 15 notes after Apple’s Jul 30 results: 3 raised · 4 cut · 3 kept. See every call →

JP Morgan on Apple

JP Morgan price targets on Apple

5 calls from January 26, 2026 to October 19, 2026. The target went from $315 to $360 (+14%). The rating stayed Buy.

JP Morgan targetAAPL share price
  1. October 19, 2026Target raised from $340 (+6%)Buy$360
  2. July 31, 2026 This noteTarget raised from $325 (+5%)Buy$340
  3. June 9, 2026Kept the $325 targetBuy$325
  4. January 30, 2026Target raised from $315 (+3%)Buy$325
  5. January 26, 2026Earliest call shownBuy$315
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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.