Key Highlights

● Apple closed at $343.46 on October 16, trading above the analyst target.

● The consensus 12-month price target is $329.38, implying about 4.1% downside.

● Analysts are split 25 Buy, 13 Hold, and 6 Sell on the stock.

● Targets range from $215 to $405 across 44 analysts.

Apple Inc. (NASDAQ:AAPL) closed at $343.46 on October 16, 2026. The average analyst 12-month price target is $329.38, which is 4.1 % below that close, according to market data. Apple is a member of the S&P 500. Unusually, the shares trade above the consensus target, and attention has focused on strong pre-order demand for the first foldable iPhone.

What Is the Latest Analyst Price Target?

The consensus average target is $329.38, the median is $340, the high is $405 and the low is $215, drawn from 44 analysts. Data date: October 16, 2026. The implied move from the latest price is 4.1 % downside, although targets are forecasts rather than guarantees.

What Are Analysts Saying?

The ratings split is 25 Buy, 13 Hold, 6 Sell, giving a consensus rating of Buy. Listed actions include UBS maintaining Hold with a $296 target and Evercore ISI maintaining Buy at $380 (both October 16, 2026), KeyBanc maintaining Sell at $250 (15 October), Bank of America reiterating Buy at $370 and J.P. Morgan raising its target from $340 to $360 (both 12 October).

What Could Help the Stock Reach the Price Target?

Supportive factors could include demand for the $1,999 iPhone Duo, with some delivery estimates slipping into January 2027, and collaboration on AI models for high-end Macs. Brokers with higher targets, such as Evercore ISI and Bank of America, may be factoring in these catalysts. The high target of $405 is above the current price. If the consensus proves accurate, the shares could move towards the average target over the next twelve months, but this depends on earnings delivery and market conditions.

What Could Prevent the Stock Reaching the Target?

The mean target is about 4 % below the price, indicating that, if the consensus proves accurate, the shares could trade lower. Analysts have flagged possible weaker iPhone demand, and regulatory scrutiny, including from the UK Competition and Markets Authority regarding tap-to-pay, and litigation with OpenAI are risks. Analyst targets are revised frequently and can be wrong, and the figures above may differ between data providers.

What Should Investors Watch Next?

Apple is expected to report on November 2, 2026. Investors may watch iPhone Duo supply, services growth, regulatory developments and further target revisions.

The Market's Ahead of Wall Street

The consensus target of $329.38 for Apple suggests 4.1 % downside from the $343.46 close on October 16, 2026, based on 44 analysts.