Rosenblatt Raises Apple Price Target to $300
Rosenblatt analyst Barton Crockett reiterated a Neutral rating and $300 price target on Apple (NASDAQ: AAPL).
“Apple’s F3Q26 earnings report post-close Thurs. was close to in line, excluding tariff refund benefits, with this year’s story of exceptional strength in iPhone continuing, as we approach the big test next year of comp-ing that growth.
But the growth outlook slows some due in part to supply chain constraints.
With Apple shares trading near past high P/Es, and iPhone in our view likely to slow substantially next year against tough comps — like past big iPhone cycles — we retain a NEUTRAL rating.
We move our price target up $24 to $300, by moving ahead a year, and assuming maintenance of a premium P/E near 31 versus F2027, elevated versus an EPS CAGR we see normalizing in the low double digits, and near past peaks.
While we are in a volatile environment of cost inflation, tariffs, and supply chain constraints, our estimates are only modestly changed.”
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