Bank of America Apple · AAPL

BofA Securities Maintains Buy on Apple, $380 Price Target

1 min read Reproduced verbatim
Rating
Buy
Unchanged
Target
$380
Unchanged
Upside
+10%
AAPL at $345 today
Bank of America and Apple logos

What the analyst said

BofA Securities analyst Wamsi Mohan reiterated a Buy rating and $380 price target on Apple (NASDAQ: AAPL).

“While F3Q came in mostly in-line ex benefit from tariff recovery (+150bps on GM), we remain bullish on shares of Apple heading into the launch of the new iPhones in the fall given: (1) Below Street rev guide for the Sep qtr (9-11% y/y) reflects supply constraints (iPhone, Mac and iPad) not weaker demand and increased FX headwind (2.5% y/y higher vs.

June qtr), (2) iPhone demand remains strong (gained share globally in F3Q, with record upgraders), (3) channel inventory is lean exiting the June qtr and expected to be low even exiting Sep (potential tailwind to sales in F1Q), (4) launch of new iPhones in the fall at higher prices should be a tailwind to GM, and (5) monetization opportunity with AI Siri can drive customers to move up on their iCloud plans.

Reit. 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 17 analysts who set a target in the last 3 months range from $250 to $400, with a median of $355. This $380 target is 7% above the median.

Since the note AAPL has moved +3% (from $333). 12-month window: day 93 of 365, closes on July 31, 2027.

Track record

This callOpen: AAPL has not reached $380 yet. This 12-month target is scored on July 31, 2027.

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 Jul 30 results: 3 raised · 4 cut · 3 kept. See every call →

Bank of America on Apple

Bank of America price targets on Apple

8 calls from April 21, 2026 to September 4, 2026. The target went from $325 to $380 (+17%). The rating stayed Buy.

Bank of America targetAAPL share price
  1. September 4, 2026Kept the $380 targetBuy$380
  2. August 20, 2026Kept the $380 targetBuy$380
  3. July 31, 2026 This noteKept the $380 targetBuy$380
  4. July 20, 2026Kept the $380 targetBuy$380
  5. June 18, 2026Kept the $380 targetBuy$380
  6. May 26, 2026Target raised from $330 (+15%)Buy$380
  7. May 1, 2026Target raised from $325 (+2%)Buy$330
  8. April 21, 2026Earliest call shownBuy$325
Share

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
Share on
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.