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.
In a new investor note, analyst Wamsi Mohan expressed a more optimistic tone, expecting strength in sales of the iPhone 17 Pro and Pro Max, and raising 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.
- Previous price target: $250
- New price target: $320
- Potential bump: 19.4% compared to the current $268
Author's summary: Bank of America raises Apple's stock target to $320.
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