Bank of America Raises Apple Price Target Ahead of Earnings

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2026-04-15 02:28:01

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Bank of America has increased its price target for Apple Inc. (AAPL) to $325 from $320, maintaining a Buy rating ahead of the company's fiscal Q2 earnings report. AAPL shares currently trade at $259, suggesting a potential 25% upside to BofA's new target.

The firm anticipates Apple will surpass Street expectations with $113 billion in revenue and $2.00 EPS, driven by strong iPhone demand and double-digit Services growth. Apple's record Q1 2026 iPhone revenue of $85.269 billion, up 23% year-over-year, supports this bullish outlook.

Multiple analysts remain positive on Apple's performance through 2026, with consensus targets indicating significant growth potential. The earnings report due April 30 could catalyze movement beyond $300 if iPhone sales maintain their momentum.

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