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.
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: BofA raises Apple stock target to $320.