Apple Stock Target Raised to $320 by Bank of America
Bank of America has maintained its "Buy" rating on Apple and raised its price target to $320, citing strong iPhone 17 sales and long-term AI potential.
Ahead of Apple's Q4 earnings release, analyst Wamsi Mohan expects strength in sales of the iPhone 17 Pro and Pro Max, and has raised his iPhone unit estimates.
Heading into the company’s fiscal fourth-quarter earnings release on Thursday, Mohan sees strength in sales of the iPhone 17 Pro and Pro Max and raised his iPhone unit estimates.
- Price target raised from $250 to $320
- Expected year-over-year revenue growth in the high single digits
- 19.4% bump compared to the current stock price of $268
Author's summary: Apple's stock target raised to $320 by Bank of America.