Apple Stock Target Raised to $320 by BofA Ahead of Q4 Earnings
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.
The analyst, Wamsi Mohan, expects the company to guide year-over-year revenue growth for its current quarter in the high single digits, driven by strength in sales of the iPhone 17 Pro and Pro Max.
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.
- Apple's stock price target has been raised to $320, up from $250 in August.
- This represents a 19.4% bump compared to the current price of $268.
Author's summary: Apple's stock target raised to $320, citing strong iPhone 17 sales.
More News
- 5 reasons Starmer’s new election disaster should spook Europe’s centrists
- Chinese state-owned firms launch car-chip testing platform amid Nexperia row
- Will today’s Fed rate cut be last one until summer 2026? - Sharecafe
- Illinois House Democrats push first-in-the-world wealth tax, streaming, concert taxes
- A Powerclown Halloween: on singing the Village People in Japanese, Scum Element, and Shakes the Clown
- The billionaire loophole: How Canada’s tax system fuels inequality
- Going Places: Discovery Bicycle Tours’ Vietnam: Hoi An’s Dazzling Lights, Tranquil Countryside
- Down 30% and Still Growing its Payout: 1 Canadian Stock I'd Snap Up
- Exit poll suggests centrists win Dutch vote, beating Geert Wilders’ far-right
- Landry's Explosive Quote That Signals Major Changes at LSU