Rosenblatt Raises Apple Price Target to $303
Rosenblatt analyst Barton Crockett raised the price target on Apple (NASDAQ: AAPL) to $303 (from $300) while maintaining a Neutral rating on September 1, 2026.
“As Tim Cook stepped aside as CEO on Aug 31 at the age of 65, and John Ternus steps up today as CEO, we update Apple estimates for what promises to be a September to remember, with a high-profile iPhone rollout slated for Sept.
9. That seems poised to start the key Ternus test — can he lasso new product innovation to justify Apple’s premium valuation?
We assume successful navigation of supply chain constraints — with price hikes and premium priced products muting margin pressures — and tweak up estimates, moving our price target up $3 to $303, but not enough to change our NEUTRAL rating, with the stock at these levels with a P/E in the 30s, assuming success, in our view.
Our PT is a 31x P/E of F2027E EPS, a healthy premium to a low double-digit EPS growth CAGR.”
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