JPMorgan Maintains $340 Apple Price Target With Buy Rating

JPMorgan maintained a $340 price target and Buy rating on Apple on Oct. 12, leaving the target about 1% above a cited share price of roughly $336 and indicating limited near-term appreciation based on that reference price. The rating was also described as Overweight, while the price target remained unchanged. JPMorgan analyst Samik Chatterjee was named in connection with the view. Apple’s fiscal third-quarter 2026 results showed stronger operating performance. Revenue for the quarter ended June 27 rose 16% from a year earlier to $109.4 billion. Gross margin was 50.1%, including an approximately two-percentage-point benefit from tariff refunds.

Source: TokenPost