Why is Apple stock (AAPL) down year-to-date?

Apple's stock has decreased due to concerns regarding higher input costs, tariffs, and the potential impact of economic uncertainty on consumer spending.

What is the Bank of America analyst's outlook for Apple's Q2 FY26 earnings?

Bank of America analyst Wamsi Mohan reiterated a Buy rating and raised his price target, expecting Apple's Q2 FY26 results to surpass Wall Street estimates, driven by strong iPhone and Services performance.

What are the key future catalysts for Apple stock mentioned by the analyst?

Key future catalysts include an expected new buyback authorization, the WWDC event, a potential foldable iPhone launch, and an enhanced Siri with integrated Gemini AI.

Home / Business and Economy / Bank of America Analyst Boosts AAPL Target

Bank of America Analyst Boosts AAPL Target

17 Apr

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Summary

AAPL bulls are optimistic ahead of Q2 FY26 earnings.
Analyst Wamsi Mohan reiterated a Buy rating and raised AAPL price target.
New AI-enhanced Siri and foldable iPhone are key future catalysts.

Bank of America Analyst Boosts AAPL Target

Apple's stock (AAPL) has seen a roughly 5% year-to-date decrease, attributed to concerns over input costs, tariffs, and uncertain consumer spending. However, ahead of its Q2 FY26 earnings report, optimism surrounds AAPL. Bulls point to a dedicated iPhone customer base and new products like the MacBook Neo.

Top Bank of America analyst Wamsi Mohan has maintained a Buy rating on AAPL, increasing his price target to $325 from $320. Mohan expects Q2 FY26 results to exceed market expectations, driven by robust iPhone sales and growth in the Services division. Wall Street anticipates EPS of $1.93 and revenue of $108.86 billion for the quarter.