RESOLVING THE LEDGER
This is one outlet's own report from 9to5Mac — the article as it was filed. Other outlets are covering the same event; open the full story to compare every source side by side.
See the full story · 1 sourcesGo to the 9to5Mac home page Switch site 9to5Toys 9to5Google Logo 9to5Google Electrek Drone DJ Logo DroneDJ Space Explored About Privacy Toggle social menu Toggle dark mode Search for: Submit Toggle search form Forums Store Podcasts Apple@Work Happy Hour 9to5Mac Daily Overtime iPhone iPhone Mac Mac MacBook Pro MacBook Air iMac Mac mini Mac Studio Mac Pro iPad iPad Pro iPad Air iPad mini iPad iPadOS Watch Apple Watch Apple Watch Ultra Apple Health Apple Watch SE Vision Vision Pro visionOS Music and TV Apple Music AirPods HomePod Apple TV Guides Reviews How Tos AAPL Apple Store Apple Arcade Apple Card Apple Silicon Apple One Apple Fitness+ CarPlay Siri HomeKit Toggle dark mode AAPL Company Following Apple’s Q4 2026 guidance, JP Morgan cuts its target for the company’s stock Marcus Mendes | Jul 31 2026 - 10:30 am PT 4 Comments A few weeks ago, JP Morgan set a $345 price target for Apple’s stock through December 2027. Following yesterday’s quarterly results , the investment bank has slightly lowered its outlook. Here are the details.
As reported by AppleInsider , JP Morgan has lowered its price target for Apple’s stock from $345 to $350.
In a note seen by AppleInsider, JP Morgan shares that it believes high demand for products like the iPhone 17 and MacBook Neo has helped maintain momentum in the product cycle. Siri AI's impending launch will also help drive demand going into Q4 2026.
JP Morgan’s revision came after Apple reported its quarterly results yesterday and warned that the memory shortage will significantly worsen supply constraints during the September quarter, particularly for the iPhone, iPad, and Mac. Typically, these three segments account for roughly 64% of Apple’s revenue during its fourth fiscal quarter.
In yesterday’s report, Apple also posted a 5% drop in iPad revenue and addressed a slowdown in Services growth , due in part to weaker App Store gaming revenue, regulatory changes in select countries, and its ongoing dispute with Epic Games, which is preventing it from collecting commissions on purchases completed through external links in the US.
Apple’s stock opened down 8.6% today and is currently trading at $301.41, a 9.6% drop from yesterday’s close. The market’s harsh reaction came just days after Apple briefly surpassed a $5 trillion market valuation, overtaking Nvidia as the world’s most valuable company. Apple is now 11% for the year.
To read AppleInsider 's report, follow this link .
FTC: We use income earning auto affiliate links. More.
Check out 9to5Mac on YouTube for more Apple news:
Expand Close comments Expand Close comments Guides AAPL Company Breaking news from Cupertino. We’ll give you t…
Marcus Mendes is a Brazilian tech podcaster and journalist who has been closely following Apple since the mid-2000s.
He began covering Apple news in Brazilian media in 2012 and later broadened his focus to the wider tech industry, hosting a daily podcast for seven years.
AIPROPX is an independent multi-source news index — we track, compare, and connect coverage from across the web into one place you won't find anywhere else.