Wall Street firms raised their price targets for Apple stock after the company reported stronger-than-expected Q2 2026 financial results. Jefferies increased its target to $299.88 while maintaining a Hold rating, citing concerns about slowing demand in China and potential overvaluation. Meanwhile, bullish analysts like Wedbush’s Dan Ives see significant upside, pointing to upcoming AI initiatives and product launches as key catalysts for future growth.
Following Apple’s Q2 2026 earnings report, multiple Wall Street firms revised their outlook for the company’s stock. Jefferies raised its Apple stock price target from $294.91 to $299.88 while keeping a Hold rating in place. The company reported revenue of $111.18 billion and earnings per share of $2.01, exceeding many analyst expectations.
Apple also announced a $100 billion stock buyback program and a 4% dividend increase. Despite the strong results and bullish guidance, Jefferies maintained its cautious stance. The firm noted that peak demand for iPhones may have passed, with recent volume in China turning negative.
Morgan Stanley, Goldman Sachs, and TD Cowen also raised their respective Apple stock price targets after the earnings release. Morgan Stanley analyst Erik Woodring moved his target to $330 with an Overweight rating. His note stated that results demonstrated strong momentum in iPhone, Mac, and Services segments.
Woodring highlighted Apple’s ability to manage cost inflation, leaving him more confident in the company’s profitability. On the earnings call, CEO Tim Cook addressed supply constraints affecting iPhone and Mac production during March. Cook attributed these constraints primarily to the availability of advanced semiconductor nodes.
Cook detailed the performance of the iPhone 17 family, which is driving growth despite the supply issues. “We are seeing double-digit growth in the majority of the markets we track,” Cook stated. He mentioned growth in markets from the United States to Greater China, India, and Japan.
The most bullish outlook comes from Wedbush analyst Dan Ives, who holds a Street-high forecast of $350 for AAPL. Ives laid out a thesis centered on Apple’s potential entry into the AI market. “2026 is going to finally be the year that Apple actually enters the AI Revolution,” he stated.
Ives pointed to Apple’s massive installed base of iOS devices and iPhones as a foundation for AI efforts. Bullish analysts anticipate two major upcoming catalysts: the WWDC event in June and a rumored foldable iPhone launch this fall. The consensus average price target for Apple stock currently lands between $302 and $304.
