Ahead of its fiscal Q2 earnings report, Bank of America raised its price target for Apple Inc (AAPL) to $325, maintaining a Buy rating. Analysts believe the market is underestimating near-term results, forecasting revenue of $113 billion and earnings per share of $2.00. The bullish outlook is based on strong iPhone demand and Services revenue growth. Other forecasts for 2026 remain positive, though potential delays for a foldable iPhone model could impact future stock performance.
Ahead of its next earnings report, Apple Inc received a stock target boost from analysts at Bank of America. The firm raised its price target on AAPL to $325 from $320 while reiterating a Buy rating.
The revision comes ahead of fiscal Q2 earnings due after market close on Thursday, April 30. BofA’s analysts believe the Street may be underestimating Apple’s near-term results.
Bank of America forecasts Apple will exceed expectations with $113 billion in revenue and $2.00 EPS. This indicates strong demand for iPhones ahead of the report.
BofA’s bullish thesis rests on two pillars: iPhone demand strength and double-digit growth in Services revenue. The firm sees upside to current Street estimates.
Apple reported iPhone revenue of $85.269 billion in Q1 2026, up 23% year over year. That performance marked the best iPhone quarter ever for the company.
Outside of Bank of America, numerous other firms are bullish on Apple for the remainder of 2026. Leading brokerage firm Traders Union forecasted a bullish price prediction for Apple stock for the end of 2026.
According to the estimates, AAPL is set to reach an average trading price of $281 by December this year. The forecast also projects the leading equity to hit a high of $343 during the same period.
Furthermore, Apple stock has performed relatively well in April. AAPL surged more than 4% in a month after having a rough start in 2026.
A report from Nikkei Asia shed light on engineering and technical snags for Apple’s upcoming flagship foldable iPhone models. The report noted a high chance of a delay in launch that could impact its stock prospects.
