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 sees 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.
- The analyst expects the company to guide year-over-year revenue growth for its current quarter in the high single digits.
- The new price target of $320 represents a 19.4% increase from the current price of $268.
Author's summary: Bank of America raises Apple's stock target to $320.