BofA Securities Raises Apple Price Target to $330
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.”
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