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Apple gains; J.P.Morgan raises PT on hopes of strong iPhone sales

ReutersJan 26, 2026 2:46 PM

Shares of Apple AAPL.O rise 1.8% to $252.61

J.P.Morgan raises PT to $315 from $305, implying an upside of ~27% to stock's last close

Brokerage expects iPhone sales in Q1 of 2026 "to track ahead of consensus expectations," forecasts 16% iPhone revenue growth to put the tech major on track for "highest-ever iPhone revenue growth since Sep-21"

JPM sees limited margin pressure from higher memory costs because company's long-term supplier contracts and scale help "drive materially favorable component cost outcomes relative to IT hardware peers"

Average rating of 48 analysts is "buy", median PT is $288 - data compiled by LSEG

Shares up 8.6% in 2025

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