BNP Paribas and Bank of America have issued bullish Apple stock upgrades just days before the tech giant's April 30 earnings report, with price targets soaring to $300 and $325 respectively. Analysts anticipate a significant share buyback announcement alongside quarterly results, signaling a pivotal moment for AAPL as institutional confidence reaches new highs.

Apple Stock Forecast Rises As Earnings, Buyback And Upgrades Align

BNP Paribas Raises Apple Stock Price Target to $300

Apple stock now carries a $300 price target at BNP Paribas, up from $260 — a 15.3% lift that came alongside a full upgrade of AAPL from ‘neutral’ to ‘outperform’ on April 17. The bank’s case rests on how the memory shortage shakes out across the smartphone space.

Apple holds clear advantages over lower-end peers, and that gap looks wider as costs rise. During last quarter’s earnings call, CEO Tim Cook said Apple has “” when it comes to managing memory costs, stopping short of any detail on what those options actually are.

Bank of America Lifts Apple Stock Price Target, Eyes April 30 Results

Bank of America raised its Apple stock price target to $325 from $320, reiterating a Buy rating ahead of Apple earnings April 30. The firm projects roughly $113 billion in revenue and $2 in EPS for fiscal Q2 — both ahead of Street expectations of $109 billion and $1.93 per share.

The bank bumped iPhone shipment estimates for the March quarter up by 2 million units, to 60 million, and expects Services revenue to grow 14% year over year. FX tailwinds could contribute another 4% to revenue before hedges. The analysts called their overall setup expectation a “.”

Apple Buyback Announcement Expected to Lift Sentiment Further

Beyond the numbers, the Apple buyback announcement many analysts expect alongside the April 30 results adds another layer to the Apple stock price target case. The Apple stock forecast also draws support from Apple’s capital-light positioning in AI. The company spent just $12.7 billion on capex in fiscal 2025 — far below what Amazon ($200B), Alphabet ($185B), and Meta ($135B) each plan to deploy in 2026 alone.

Services revenue hit an all-time record in Q1, and Apple now counts more than 2.5 billion active devices in its installed base. At a P/E of around 34, the current price target upgrades from multiple firms reflect a market that, at least right now, still sees that premium as justified.