Bank of America Apple · AAPL

BofA Securities Raises Apple Price Target to $330

1 min read Reproduced verbatim
Rating
Buy
Unchanged
Target
$330
from $325 (+2%)
Outcome
Reached
on July 16, 2026
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What the analyst said

BofA Securities analyst Wamsi Mohan raised the price target on Apple (NASDAQ: AAPL) to $330.00 (from $325.00) while maintaining a Buy rating.

“We remain bullish on shares of Apple heading into the remainder of 2026 given (1) iPhone revenues are tracking better than expected (Globally including China) with record upgraders, (2) gross margins continue to show strength despite commodity headwinds, (3) AI enabled Siri will be available in 2026, (4) A foldable iPhone is expected this fall, (5) a new record installed base of 2.5+bn devices to drive continued double digit growth in Services, and (6) CEO transition in September with John Ternus to bring a focus on product launches while Tim Cook takes on Chairman role.

Reiterate Buy on strong capital returns, eventual winner on AI at the edge and optionality from new products.”

Disclaimer
The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.

This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.

Where the price stands

AAPL trades at $345. The 16 analysts who set a target in the last 3 months range from $250 to $400, with a median of $358. This $330 target is 8% below the median.

Since the note AAPL has moved +27% (from $271). 12-month window: day 184 of 365, closes on May 1, 2027.

Track record

This call✓ Target reached on July 16, 2026, 3 months after the note.

Firm track recordBank of America: 86% of its 37 targets at least a year old were reached within 12 months (#10 of 21 firms). Accuracy ranking →

Earnings reactionOne of 15 notes after Apple’s Apr 30 results: 12 raised · 0 cut · 2 kept. See every call →

Bank of America on Apple

Bank of America price targets on Apple

8 calls from March 23, 2026 to July 31, 2026. The target went from $320 to $380 (+19%). The rating stayed Buy.

Bank of America targetAAPL share price
  1. July 31, 2026Kept the $380 targetBuy$380
  2. July 20, 2026Kept the $380 targetBuy$380
  3. June 18, 2026Kept the $380 targetBuy$380
  4. May 26, 2026Target raised from $330 (+15%)Buy$380
  5. May 1, 2026 This noteTarget raised from $325 (+2%)Buy$330
  6. April 21, 2026Kept the $325 targetBuy$325
  7. April 14, 2026Target raised from $320 (+2%)Buy$325
  8. March 23, 2026Earliest call shownBuy$320
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Other analysts on Apple

BernsteinBuy Kept rating and price target Oct 29 $370maintained EvercoreBuy Kept rating and price target Oct 27 $380maintained UBSHold Kept rating and price target Oct 20 $296maintained Loop CapitalHold Downgraded, cut price target −11% Oct 20 $330from $370 KeyBancSell Kept rating and price target Oct 19 $250maintained
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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.