Argus Research maintains Apple at Buy, raises price target to $400 from $375

What happened

Argus Research kept a Buy rating on Apple and raised its price target to $400 from $375, a 6.7% increase. That target implies 18.2% upside from the November 2 close of $338.32.

Confirmed

Global impact / market context

A higher price target signals one research firm expects Apple shares to be worth more. Because other analysts list targets from $250 to $390, investors can see how widely views differ, which may shape buying or selling decisions and how they position money in the stock.

Analyst inference

The five most recent analyst notes show targets from $250 to $390, with ratings from Underweight, meaning a negative view, to Buy. Argus sits above that range at $400, suggesting a more positive view than peers on Apple's prospects and earnings power.

Analyst inference

What to watch

1. Watch whether other analysts change their Apple price targets after Argus moved to $400, since the five most recent notes range from $250 to $390. Confirmed
2. Watch Apple's future sales and costs against the profit assumptions behind a $400 target, since stronger revenue or lower costs would support the raised view and higher spending would not. Proposed
3. Watch how Apple shares trade relative to the $338.32 close and the $400 target, because a narrowing gap would show investors accepting the more positive view and adding money to the stock. Analyst inference

Evidence

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