Apple Stock Gets $355 Target as Touchscreen MacBook Pro Debuts

• Apple (AAPL) stock is in the spotlight after the firm unveiled its first touchscreen MacBook Pro
• Monness raised its Apple stock target to $355 from $335 ahead of November 2 earnings, maintaining a Buy rating
• Apple’s three-month correlation with the Nasdaq 100 turned slightly negative, revealing a divergence from the index

Apple has given buyers a new reason to consider a MacBook Pro upgrade, but the question for shareholders is how much room remains for Apple stock to rise. Its first touchscreen Mac arrives days before Apple earnings, alongside a higher analyst price target that sits only slightly above its recent trading price. The launch also comes during an unusual stretch in which Apple’s shares have moved against the technology market.

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Apple Brings Touch to the MacBook Pro

Apple’s new MacBook Pro combines a tandem OLED screen, branded PROLED XDR, with touch controls. This is the first on a Mac. Announced October 28, the 14-inch and 16-inch models use M5 Pro or M5 Max chips and run macOS 27 with Apple Intelligence.

According to Apple’s announcement, the laptops are available to preorder, with deliveries and store availability beginning November 6. The 14-inch M5 Pro configuration starts at $2,899, and its 16-inch counterpart starts at $3,399. Johny Srouji, Apple’s chief hardware officer, said,

“….we’ve created a whole new way for pros to interact with their content, taking their workflows to a completely new level. The new MacBook Pro is the result of the deep integration between Apple silicon, hardware, and software, and there’s simply nothing else like it.”

The display and touch controls give existing owners a visible upgrade to weigh. Whether those changes persuade enough customers to replace older machines will take longer to establish. The November release also means these models cannot contribute sales to the quarter Apple is about to report.

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Apple Stock Gets a Higher Target Before Earnings

Monness, Crespi, Hardt analyst Brian White raised his Apple price target to $355 from $335 while retaining a Buy rating. White pointed to product innovation and the expansion of Apple Intelligence, while flagging supply constraints and a difficult economic environment.

On October 22, AAPL stock surged to a high of $348.22. Against its current price, the revised target implies approximately 2.28% upside, despite the $20 increase.

Apple is scheduled to report fiscal fourth-quarter results on November 2. The call will be John Ternus’s first as CEO, according to reports.

Apple’s Nasdaq 100 Relationship Turns Negative

The earnings report follows an unusual break in Apple’s trading pattern. The Kobeissi Letter put its three-month correlation with the Nasdaq 100 at −0.12. A separate 24/7 Wall St. calculation, using 63 trading days through October 27, produced a similar −0.11 reading.

This suggests a weak inverse relationship over the measured period, rather than proof that Apple will consistently protect investors from technology-sector declines.

The new MacBook gives Apple another product to sell into the holiday season. For investors considering the shares near the analyst’s target, management’s comments on demand, supply, and profitability may carry more weight than the launch itself.

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