Apple stock up 28.7% this year ahead of Nov 2 earnings
The gist
Apple stock is up 28.7% year to date, versus 13.4% for SPY, ahead of its Nov 2 earnings.
New CEO John Ternus faces his first report, with memory costs pressuring margins.
How it unfolded
- Jul 30, 2026Apple's stock fell 7.4% one day after its earnings release, the largest negative one-day reaction in the past five years.
- Oct 27, 2026Loop Capital lowered its Apple price target to $330, applying a 30x median P/E to an $11.00 EPS estimate; AAPL traded at $344 at the time.
- Oct 29, 2026AAPL closed at $346.29, up $2.38 (+0.69%), and was up 26.5% year to date versus 17.4% for the Zacks Computer & Technology sector.