Baird raised its Apple price target to $340 from $330 and kept an Outperform rating after Apple's fiscal fourth-quarter results slightly beat expectations: revenue of $114.48 billion (versus $113.38 billion expected) and EPS of $2.10 (versus $1.99). Apple guided to December-quarter revenue growth of 7% to 10%, with strong demand for new iPhones, especially the Duo model, while memory costs and R&D investment pressure profits. Free cash flow remains a key support for the valuation, at about $136.7 billion in levered free cash flow over 12 months. Analysts remain split: KeyBanc kept Underweight on slowing growth, Morgan Stanley kept Overweight but cut its target to $350, and Bernstein has Outperform with a $370 target.
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Related tickers and likely impact
AAPL
▲ Likely positiveApple Inc.
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Technology Hardware, Storage & Peripherals |
| Market cap | $5.1T |
| Close on 11/02/2026 | 338.32 |
| Change that session | -1.83% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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