Apple Stock Target Raised 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.
- Strong sales of iPhone 17 Pro and Pro Max are expected.
- The analyst expects year-over-year revenue growth in the high single digits.
- The new price target represents a 19.4% increase from the current $268.
Bank of America Research analyst Wamsi Mohan warned against tempered iPhone 17 expectations in August, but now has a more optimistic tone.
Author's summary: Apple's stock target raised to $320 by Bank of America.