Apple Stock Trades Above $300 Amid Q3 2026 Earnings Strength

Apple's stock traded above $300 on August 21, 2026, as investors reacted to its Q3 2026 earnings report. The tech giant reported a 16 percent revenue growth, with $109.4 billion in quarterly revenue and a diluted EPS of $2.02.

The company's gross margin was 50.1 percent, supported by tariff refunds that added $0.11 to the EPS. Apple's services segment also reached a record high in Q3 2026, driven by its installed base of devices.

The stock is trading at a trailing price-to-earnings multiple of 35.5, with an average analyst target price of $330.53. This represents a 6.9 percent upside from the current closing price of $309.35.