1 week ago
5
David Moadel
Tue, April 14, 2026 astatine 8:53 AM CDT 4 min read
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Bank of America raised its terms people connected Apple (AAPL) to $325 from $320 with a Buy rating, betting the Street is underestimating near-term results driven by iPhone income spot and Services gross maturation up of Q2 net connected April 30.
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Apple’s monolithic installed basal of 2.5 cardinal progressive devices and proven quality to station consecutive all-time records successful some iPhone and Services gross supply a structural instauration for the institution to transcend existent expert expectations and warrant the premium valuation.
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Apple (NASDAQ:AAPL) banal is getting an upvote connected Wall Street up of a intimately watched net report. Bank of America raised its terms people connected AAPL banal to $325 from $320 portion maintaining a Buy rating, citing continued momentum successful iPhone income and Services gross growth.
The revision comes up of fiscal Q2 net owed aft marketplace adjacent connected Thursday, April 30. BofA's analysts judge the Street whitethorn beryllium underestimating Apple's near-term results, and the steadfast is forecasting Q2 gross of $113 cardinal and EPS of $2.00.
With AAPL banal trading astatine $260.50 and the expert statement people sitting astatine $296.33, BofA's caller $325 people suggests the steadfast sees meaningfully much runway than the broader expert community.
READ: The expert who called NVIDIA successful 2010 just named his apical 10 AI stocks
| AAPL | Apple | Bank of America | Price Target Raised | Buy | Buy | $320 | $325 |
BofA's bullish thesis rests connected 2 pillars: iPhone request spot and double-digit maturation successful Services revenue. The steadfast sees upside to existent Street estimates, which is simply a meaningful awesome fixed however good Apple has already been performing.
The astir caller 4th supports that view. Apple reported iPhone gross of $85.269 cardinal successful Q1 2026, up 23% twelvemonth implicit year, marking the champion iPhone 4th ever. Services deed an all-time precocious of $30.013 billion, up 14% twelvemonth implicit year. Both segments person present posted accordant all-time records crossed aggregate consecutive quarters.
Apple CEO Tim Cook described the 4th with confidence, declaring that the "iPhone had its best-ever 4th driven by unprecedented demand, with all-time records crossed each geographic segment, and Services besides achieved an all-time gross record, up 14 percent from a twelvemonth ago."
Apple carries a marketplace headdress of astir $3.828 trillion and an installed basal of much than 2.5 cardinal progressive devices. That installed basal is the motor down the Services flywheel, which converts hardware users into recurring bundle and subscription revenue.
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