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Bank of America Issues ’Buy’ Rating for Apple Stock with $235 Target for July 2025
Bank of America Issues ’Buy’ Rating for Apple Stock with $235 Target for July 2025
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Apple shares opened at $201 on Monday, marking a nearly 10% decline in Q2 2025. The tech giant has struggled this year, down 18% year-to-date, repeatedly failing to sustain momentum above the $205 resistance level. Despite this, Bank of America remains optimistic, assigning a 'buy' rating with a $235 price target for July 2025—a potential 17% upside from current levels.
Analyst Wamsi Mohan highlights Apple's forward P/E ratio of 26.5, below its five-year average of 27.2, as an attractive entry point. The projection suggests a $1,000 investment could yield $1,170 if the target is met. Such returns WOULD outperform most traditional assets over the same period.
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