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Apple (AAPL) PT Raised to $315 at JPMorgan, 'Robust iPhone Demand'

January 26, 2026 7:59 AM EST

JPMorgan analyst Samik Chatterjee raised the price target on Apple (NASDAQ: AAPL) to $315.00 (from $305.00) while maintaining a Overweight rating.

The analyst comments "Apple shares have underperformed the broader S&P 500 Index over last two months (-13% vs. +1%), as we believe that positive data points in relation to robust iPhone 17 demand have been overshadowed by investor concerns in relation to gross margin impact from the unprecedented rise in memory costs, potential price elasticity concerns for iPhone demand, as well as modest concerns from softer intra-quarter data points in relation to App Store... More