Bank of America Reiterates Buy on Apple, $380 PT
BofA Securities analyst Wamsi Mohan reiterated a Buy rating and $380 price target on Apple (NASDAQ: AAPL).
“We expect Apple to announce three new iPhones: iPhone 18 Pro, Pro Max and its first foldable iPhone, potentially branded Ultra or Fold.
The Pro models are expected to retain the current 6.3” and 6.9” display sizes, running on the 2nm A20 Pro processor, a larger battery, a smaller Dynamic Island and camera enhancements.
The iPhone Ultra is expected to have a book-style foldable design featuring dual displays (5.5” outer OLED and 7.8” inner OLED), A20 Pro chip. 12GB RAM and 256/512/1TB/2TB storage sizes.
All three iPhones are expected to ship with iOS27. Apple could also launch Apple Watch Series 12 and/or Ultra 4, and AirPods 5.
Apple could preview or launch additional smart-home products, including an updated Apple TV 4K and HomePod mini.”
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