Apple stock is approaching the $300 milestone with strong analyst backing. Bank of America raised its price target to $330 following a record fiscal Q2 2026 report. The broader analyst consensus also increased sharply, with the average forecast sitting near $300 to $305. A fresh $100 billion share buyback and dividend increase signal strong cash flow confidence.
Apple stock hitting $300 is now seen as a question of timing rather than possibility. At the time of writing, AAPL trades at $284.18, up 2.66% on May 6, and Wall Street has largely stopped debating if it gets there. Bank of America raised its Apple stock price target to $330 after a record fiscal Q2 2026 report, and the broader analyst consensus also moved up sharply.
Apple’s fiscal Q2 2026 report landed differently than most. Revenue and earnings both cleared estimates by a wide margin, and the Services segment hit a new all-time high. Management also announced a fresh $100 billion share buyback and a dividend increase.
Bank of America’s Wamsi Mohan raised the firm’s target to $330 from $325 after the Q2 results. The revision rested on strong iPhone demand, double-digit Services growth, and foreign exchange tailwinds. App Store revenue also reached $3.2 billion in the first 33 days of Q3, up 3.7% year over year.
Mohan stated, “BofA analysts view it as a premium story in an otherwise messy market. Services remain a critical pillar, but the product cycle matters a ton as well.” Bernstein analyst Mark Newman also reiterated a Buy and raised his Apple stock prediction for 2026 to $350 from $340. Newman pointed to continued market share gains and higher average selling prices.
Wedbush analyst Daniel Ives reaffirmed its $350 target after Apple announced the John Ternus CEO transition. Ives was clear about the fact that, “Apple’s AI integration roadmap and services monetisation potential remain intact despite the CEO change, while flagging tariff costs and macro uncertainty as near-term risks.” BNP Paribas also upgraded Apple to Outperform and set a $300 target.
BNP Paribas stated, “Improving iPhone demand dynamics and a more constructive view on Apple’s AI-linked Services revenue trajectory as the basis for the rating change.” From $284, a move to $300 is roughly 5.6%, which looks modest next to the upgrades already sitting on the table. AAPL stock hitting $300 before summer looks achievable to multiple desks, with more optimistic calls landing in the $325 to $350 range.
