Analysts Divided on Apple’s Outlook Ahead of Earnings Report
Apple Inc. faces a split Wall Street consensus as it prepares to report fiscal Q1 2026 earnings on January 29. The tech giant's stock has declined 8-9% year-to-date despite analysts projecting $2.67 EPS and $138 billion revenue - representing 11.3% YoY growth.
Morgan Stanley maintains an Overweight rating with a $315 price target, anticipating iPhone revenue to exceed consensus by 4-8%. However, the firm warns of potential headwinds from rising operating expenses and memory costs. KeyBanc's Hold rating reflects skepticism about second-half growth projections.
The average analyst price target of $298 suggests 20% upside potential from current levels. Market sentiment remains cautiously optimistic with 19 Buy ratings outweighing 11 Holds and 2 Sells.
