# JPMorgan Raises Apple Price Target to $360, Maintains Overweight Rating By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/33504 Published: 2026-10-16T21:36:38.000Z Updated: 2026-10-16T21:36:38.000Z Section: Investing > The revision paired lower near-term iPhone estimates with greater confidence in fiscal 2027 and 2028 growth. Binance’s AAPLUSDT contract is a separate derivative, not Apple shares. 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. ## Links in this article - [earlier Apple target coverage](https://www.tokenpost.com/news/investing/31789)