Apple stock: MoffettNathanson cuts target from USD 304 to USD 283

Published on 10/23/2026 at 16:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Results come November 2 with USD 113.23 billion expected. Apple stock costs EUR 310.48 on October 23, 2026, up 0.87 percent versus Xetra close.

MoffettNathanson cuts target

MoffettNathanson cut Apple's target from USD 304.00 to USD 283.00 on October 20, 2026.
Apple's third-quarter revenue reached USD 109.42 billion, up 16.40 percent year over year.
Apple stock costs EUR 310.48 at Lang & Schwarz on October 23, 2026 at 4:32 p.m. CEST, up 0.87 percent versus the Xetra close of October 22, 2026, and 1.32 percent below its 52-week high.
Apple is due to report fiscal fourth-quarter results on November 2, 2026.

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Apple (ISIN US0378331005) faced a lower valuation yardstick after Benzinga reported on October 20, 2026 that MoffettNathanson cut its Apple target from USD 304.00 to USD 283.00 and kept a Neutral rating. The new target is 18.46 percent below Apple's Nasdaq price of USD 347.08 at 10:36 a.m. ET on October 23, 2026. Apple was trading at EUR 310.48 at Lang & Schwarz on October 23, 2026 at 4:32 p.m. CEST, up 0.87 percent versus the Xetra close of October 22, 2026 at EUR 307.80.

Revenue sets the next benchmark

Apple's latest reported operating picture was stronger than the new target implies. In fiscal third-quarter 2026, revenue reached USD 109.42 billion, up 16.40 percent year over year, while earnings per share came to USD 2.02 against a USD 1.89 consensus estimate, according to Benzinga on October 23, 2026. The company guided fiscal fourth-quarter revenue growth of 9.00 percent to 11.00 percent and a gross margin of 47.00 percent to 48.00 percent.

Stock sits below its yearly high

Apple's Nasdaq range for the year runs from USD 243.42 to USD 351.72. At USD 347.08, the stock stood 1.32 percent below that high and 42.60 percent above the low on October 23, 2026. Trading volume was 10,424,495 shares at 10:36 a.m. ET, while the market capitalization was USD 5.1 trillion.

Valuation meets a near-term date

The Nasdaq price carried a trailing P/E of 39.75 on October 23, 2026. Apple is scheduled to report fiscal fourth-quarter results after the US market close on November 2, 2026, with analysts estimating USD 113.23 billion in revenue and USD 1.98 in earnings per share, Benzinga reported. The comparison with the fiscal third quarter is clear: the revenue estimate is USD 3.81 billion higher, while the earnings-per-share estimate is USD 0.04 lower.

Comparison with peers

Apple: down 0.33 percent on the Nasdaq, P/E 39.75, market capitalization USD 5.1 trillion.

Microsoft Corporation: up 0.44 percent on the Nasdaq, P/E 29.14, market capitalization USD 3.9 trillion.

Alphabet Inc.: down 0.35 percent on the Nasdaq, P/E 16.07, market capitalization USD 3.9 trillion.

What the target means for Apple

MoffettNathanson's USD 283.00 target places valuation risk below the current Nasdaq price, while Apple's USD 109.42 billion fiscal third-quarter revenue provides the operating benchmark for the November report. The key dated comparison is therefore between the 9.00 percent to 11.00 percent revenue-growth outlook and the USD 113.23 billion analyst estimate.

Apple stock after the Xetra close

Apple was trading at EUR 310.48 at Lang & Schwarz on October 23, 2026 at 4:32 p.m. CEST, up 0.87 percent versus the Xetra close of October 22, 2026 at EUR 307.80. The further course of trading is shown by the continuously updated real-time quote of Apple stock.