Apple Stock Gets $320 Target from BofA Ahead of Q4 Earnings
Bank of America maintained its "Buy" rating on Apple and raised its price target, citing strong iPhone 17 sales and long-term AI potential.
According to a new investor note, 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 expects the company to guide year-over-year revenue growth for its current quarter in the high single digits.
The analyst raised Apple's stock price target to $320, up from $250 in August, which would mean a 19.4% bump compared to the current $268.
Author's summary: Apple's stock target raised to $320 by BofA.
- Buy rating maintained by Bank of America
- Price target raised to $320
- Strong iPhone 17 sales and AI potential cited