{
  "id": 16869,
  "title": "Following Apple’s Q4 2026 guidance, JP Morgan cuts its target for the company’s stock [U]",
  "url": "https://urgent.news/2026/07/31/following-apples-q4-2026-guidance-jp-morgan-cuts-its-target-for-the",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-07-31T17:30:36.000Z",
  "source": {
    "name": "9to5Mac",
    "slug": "9to5mac",
    "url": "https://9to5mac.com/2026/07/31/following-apples-q4-2026-guidance-jp-morgan-cuts-its-target-for-the-companys-stock/"
  },
  "original_language": "en",
  "account": "On December 2026, JP Morgan adjusted its target for Apple's stock, decreasing it from $345 to $340 following the company's Q4 2026 guidance. The investment bank cited strong demand for products like the iPhone 17 and MacBook Neo, along with the anticipation of Siri AI's launch, as factors that have kept the momentum going. However, these factors are set to be overshadowed by a memory shortage, which is expected to exacerbate supply constraints for the iPhone, iPad, and Mac during Apple's September quarter. This shortage will particularly affect these three segments, which together make up around 64% of Apple's Q4 2026 revenue. Apple reported a 5% drop in iPad revenue and acknowledged a slowdown in Services growth due to weaker App Store gaming revenue, regulatory changes in certain countries, and an ongoing dispute with Epic Games. This dispute prevents Apple from earning commissions on purchases made through external links within the US. Following Apple's announcement, the company's stock opened at a 8.6% decrease and traded at $301.41, marking a 9.6% decline from the previous day's close. This reaction occurred just days after Apple briefly surpassed a $5 trillion market valuation, pushing it past Nvidia to become the world's most valuable company. Currently, Apple's stock is down by 11% for the year.",
  "summary": "A few weeks ago, JP Morgan set a $345 price target for Apple’s stock through December 2027. Following yesterday’s quarterly results , the investment bank has slightly lowered its outlook. Here are the details.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "SiliconANGLE",
        "title": "Apple’s stock slides as it blames supply chain constraints for its weak guidance",
        "url": "https://urgent.news/2026/07/31/apples-stock-slides-as-it-blames-supply-chain-constraints-for-its",
        "published": "2026-07-31T02:04:41.000Z"
      },
      {
        "outlet": "AppleInsider",
        "title": "Apple's M4 Pro Mac mini is back in stock & $30 off, but supply is limited",
        "url": "https://urgent.news/2026/07/31/apples-m4-pro-mac-mini-is-back-in-stock-30-off-but-supply-is-limited",
        "published": "2026-07-31T14:58:34.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}