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BTCC / BTCC Square / Global Cryptocurrency /
Bank of America Raises Apple Stock Price Target to $350, Citing Strong Revenue Growth

Bank of America Raises Apple Stock Price Target to $350, Citing Strong Revenue Growth

Author:
Global Cryptocurrency
Published:
2026-02-03 15:44:02
12
3
BTCCSquare news:

Bank of America Securities has reaffirmed its bullish stance on Apple Inc. (NASDAQ: AAPL), elevating its price target to $350 from $325. The upgrade follows a 4.1% surge in Apple shares during Monday's trading session, pushing the stock to a yearly high of $270. This new target implies a potential 30% upside from current levels.

The financial institution maintains confidence in Apple's ability to outpace global competitors in revenue growth. A $1,000 investment could yield $1,300 if the projection materializes. Bank of America also outlined a downside scenario of $205, representing a 25% decline should market conditions deteriorate.

Apple shares have demonstrated remarkable resilience, climbing nearly 20% over the past year despite earlier pressures from geopolitical tensions affecting its supply chain in China and India. The stock's recovery from its $170 low during previous trade war escalations underscores its market leadership position.

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