Apple Stock Gets $320 Target from BofA Ahead of Q4 Earnings
Bank of America maintained its "Buy" rating on Apple and raised its price target, citing strong iPhone 17 sales and long-term AI potential.
- Strong iPhone 17 sales, particularly iPhone 17 Pro and Pro Max
- Long-term AI potential
- Projected year-over-year revenue growth in the high single digits
- New stock price target: $320, up from $250 in August
As reported by CNBC, Bank of America Research analyst Wamsi Mohan warned against tempered iPhone 17 expectations in August, but now has a more optimistic tone.
This would mean a 19.4% bump compared to the current $268 stock price.
Author's summary: Apple's stock target raised to $320 by BofA.
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