Apple (NASDAQ: AAPL) stock received a higher price target from Monness, Crespi, Hardt ahead of the company’s upcoming earnings report.
The firm’s analyst, Brian White, raised his 12-month price target to $355 from $335 while maintaining a Buy rating.
The revised Apple stock price target represents an increase of about 5% from the previous forecast and implies approximately 2.28% upside from the $344 share price as of press time.
The analyst’s assessment comes ahead of Apple’s fiscal fourth-quarter 2026 results on November 2, with CEO John Ternus and CFO Kevan Parekh set to discuss the figures during a conference call. It will be Ternus’s first earnings call as CEO after taking over on September 1.
The results will cover the quarter ended September 26 and include sales from the iPhone 18 Pro launch period, alongside the Apple Watch Series 12, Apple Watch Ultra 4, and AirPods 5.
Key investor focus during Apple earnings
Investors will also be watching for updates on memory costs, supply constraints, and Apple’s holiday-quarter outlook.
Apple is also expected to host a Pro and Tell event, with media reports pointing to a potential OLED touchscreen MacBook Pro unveiling. The event could offer further insight into the company’s product roadmap as it expands its hardware lineup.
In its fiscal third quarter, ended June 27, 2026, revenue rose 16.4% year over year to $109.42 billion, while iPhone revenue increased 21.7% to $54.25 billion. Mac revenue climbed 28.7% to $10.35 billion, although iPad sales fell 5.9% to $6.19 billion.
However, supply constraints have complicated the outlook. Apple previously forecast September-quarter revenue growth of 9% to 11%, below Wall Street expectations at the time, citing shortages of advanced chipmaking capacity and memory components. Higher memory costs could also pressure margins.
These risks remain central to the company’s forecast heading into earnings. Strong demand for new products and progress in Apple Intelligence could support future growth, but investors will need evidence that Apple can meet demand while protecting profitability.
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