It’s not about the iPhone 17 this time — Bank of America Securities has confidence that new products will power growth through the end of the decade, and has dramatically hiked their Apple stock target.
Bank of America is optimistic about Apple’s future
Bank of America is optimistic about Apple’s future
Bank of America’s October 29 report raised Apple’s price target to $320 from $270, maintaining a Buy rating and confidence in the company’s long-term strategy. The firm’s five-year forecast through 2030 projects steady growth fueled by Apple’s AI ambitions and expanding services business.
The analysts highlighted Apple’s ecosystem, brand, and installed base as key advantages. These factors are expected to support durable earnings growth. The analysis looks at Apple’s revenue and operating margins across products and services.