Wall Street resets Apple price targets after earnings: Guggenheim sets $400; Baird, UBS raise; JPMorgan, TD Cowen, Morgan Stanley trim
What happened
A wave of analyst price-target actions hit Apple (AAPL) on Nov. 3 following Monday's Q4 beat (record $114.5B revenue, $2.10 EPS) and softer December-quarter gross-margin guidance of 45-46% on rising memory costs. Guggenheim set a $400 price target; Robert W. Baird raised to $340 from $330 (Outperform); UBS reiterated Neutral and lifted to $340 from $296; Barclays raised to $261 from $245 (Underweight); TD Cowen lowered to $390 from $400 (Buy); JPMorgan lowered to $355 from $360 (Overweight); Morgan Stanley lowered to $350 from $355 (Overweight); Raymond James reiterated Market Perform.
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Start your free 14-day trialWho’s affected
- Apple (AAPL) — still in a post-earnings slide despite the largely constructive analyst reset; memory/Semiconductor suppliers exposed to the memory-cost narrative (memory cost squeeze could pressure device margins across hardware names).
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