Apple Stock Earnings Looms: Goldman & BofA Bullish, JPMorgan Flags Potential Shift

Apple stock faces a pivotal earnings test after the closing bell Thursday, April 30, with Wall Street laser-focused on every signal. Analysts project fiscal Q2 revenue of ~$109.5B and EPS between $1.92–$1.94, a solid jump from $1.65 a year ago. At ~$270, options pricing suggests a potential 4% swing post-earnings—enough to challenge the December record near $286 or drag shares below $260. While Goldman Sachs and Bank of America remain bullish, JPMorgan is signaling caution, warning that a shift in market dynamics could spark a 10% correction if expectations falter.

Apple Stock Price Target, Forecast & Earnings Call Outlook

Goldman Sachs and BofA Stay Bullish

The Apple stock forecast looks broadly bullish across most major banks. Goldman Sachs analyst Michael Ng holds a $330 Apple stock price target and expects EPS to come in at $2.00, above the Wall Street consensus. His team anticipates outperformance on both iPhone and Mac revenue, along with solid gross margins.

Bank of America also has a $325 Apple stock price target and calls for a meaningful Apple stock earnings beat. The bank raised its target ahead of this report, pointing to iPhone momentum and the AI-driven upgrade cycle as the main near-term growth drivers. Services revenue also gets projected to grow at double-digit rates through 2026.

BofA analysts stated:

JPMorgan Keeps Its Target But Watches the Leadership Shift

JPMorgan analyst Samik Chatterjee also holds a $325 Apple stock price target going into the Apple earnings call, and his team anticipates strong iPhone and Mac demand. That said, his framing of the quarter shifts attention pretty firmly toward the CEO transition rather than the headline numbers.

Samik Chatterjee wrote in a note to investors:

This Apple stock earnings report marks the first since the company announced that hardware engineering chief John Ternus will take over from Tim Cook at the start of September. Wedbush’s Dan Ives, who holds the most bullish Apple stock price target on the Street at $350, also flagged the call as a critical moment for investors:

UBS Stays Neutral Ahead of Apple Stock Earnings

Not everyone shares the same Apple stock forecast going into Thursday. UBS analyst David Vogt carries a neutral rating and a $287 Apple stock price target, up from $280. His team sees Apple coming in slightly above estimates and views the June quarter outlook as positive. Still, risks around Apple Intelligence adoption and softer App Store growth remain real variables that could limit upside on the Apple stock price near-term. Across 42 analysts covering the stock right now, the consensus sits at a Moderate Buy, with an average Apple stock price target of roughly $305, which implies about 12% upside from current levels.