Apple Stock Target Raised to $320 by BofA
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.
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.
The company is expected to guide year-over-year revenue growth for its current quarter in the high single digits.
- Previous price target: $250
- New price target: $320
- Expected growth: 19.4% compared to the current $268
The updated target comes ahead of Apple's fiscal fourth-quarter earnings release on Thursday.
Author's summary: BofA raises Apple stock target to $320.
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