"Bank of America raised its price target on AAPL stock to $325 from $320 while maintaining a Buy rating, citing continued momentum in iPhone sales and Services revenue growth."
"Apple reported iPhone revenue of $85.269 billion in Q1 2026, up 23% year over year, marking the best iPhone quarter ever. Services hit an all-time high of $30.013 billion, up 14% year over year."
"Apple CEO Tim Cook described the quarter with confidence, declaring that the 'iPhone had its best-ever quarter driven by unprecedented demand, with all-time records across every geographic segment.'"
Bank of America has raised its price target for Apple stock to $325, citing strong iPhone sales and Services revenue growth. The firm forecasts Q2 revenue of $113 billion and EPS of $2.00, believing the market may underestimate Apple's near-term results. Apple reported record iPhone revenue of $85.269 billion in Q1 2026, a 23% increase year over year, and Services revenue reached an all-time high of $30.013 billion, up 14%. Apple has a market cap of approximately $3.828 trillion and over 2.5 billion active devices.
Read at 24/7 Wall St.
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