$340 Apple Stock Cut Reveals JP Morgan's Memory Crunch

JP Morgan trimmed Apple’s target to $340 as memory shortages threaten Q4 supply despite strong iPhone 17 and Siri AI demand.

Key takeaways

• **JP Morgan cut Apple’s December 2027 price target to $340 just weeks after setting it at $345, a small trim that says more about Apple’s Q4 2026 execution risk than a...
• The revision followed Apple’s quarterly results and Q4 2026 guidance, according to 9to5Mac . The core tension is sharp: demand for iPhone 17 and MacBook Neo ap...
• This is not a bearish call in disguise. It is a warning that Apple’s valuation has little tolerance for even temporary bottlenecks.
• Wall Street: Apple’s Q4 2026 Guidance Punctured the $345 Stock-Target Narrative

👉 Read the full breakdown on MLXIO

Canonical source: https://mlxio.com/finance/jp-morgan-apple-stock-cut