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.
In a new investor note, analyst Wamsi Mohan expressed a more optimistic tone than in his previous note in August, warning against tempered iPhone 17 expectations.
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.
- The analyst expects the company to guide year-over-year revenue growth for its current quarter in the high single digits.
- The new price target of $320 represents a 19.4% increase from the current price of $268.
Author's summary: Apple's stock target raised to $320 by BofA.
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