JPMorgan Raises Apple Price Target to $360, Maintains Overweight Rating

JPMorgan analyst Samik Chatterjee raised Apple’s price target to $360 from $340 on Oct. 12, maintaining an Overweight rating as the bank lowered near-term iPhone estimates and expressed greater confidence in longer-term growth.

JPMorgan tied the estimate cuts to a changing pattern in iPhone revenue seasonality and supplier indications of lower volume plans. The bank did not view those signals as a lasting concern. Its updated fiscal 2027 and fiscal 2028 estimates reflected greater confidence in durable iPhone growth.

The $360 target applies to Apple common stock. TokenPost previously covered the target alongside the Binance contract’s reported trading range in earlier Apple target coverage.

Binance announced plans for its AAPLUSDT equity perpetual contract to launch on April 6, 2026, at 9:50 a.m. ET (13:50 UTC), with up to 10x leverage. The contract tracks Apple common stock and settles in USDT, but it is a separate derivatives instrument rather than an ownership interest in Apple. Holders do not receive shareholder rights such as voting or dividends, so the $360 stock target does not apply to the contract.