Apple Stock Target Raised to $320 by BofA
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
- Raised iPhone unit estimates
- Expected year-over-year revenue growth in the high single digits
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 new target represents a 19.4% increase from the current price of $268.
Author's summary: Apple's stock target raised to $320 by BofA ahead of Q4 earnings.
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