Bank of America has raised its price target on Apple (AAPL) to $320 from $270 while maintaining a Buy rating, driven by a new five-year outlook.

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	Forwarded this email? Subscribe here for more BofA hikes Apple price target to $320 from $270 MacDailyNews Oct 29   READ IN APP   Bank of America has raised its price target on Apple (AAPL) to $320 from $270 while maintaining a Buy rating, driven by a new five-year outlook. In a research note to investors, the firm highlights potential for Apple’s earnings to double from 2024 to 2030, fueled by sustained growth in new products and services. Analysts rolled forward the stock’s valuation to fiscal 2027, expressing greater confidence in estimates following the extended analysis. This reflects optimism in Apple’s ability to capitalize on emerging opportunities, particularly in artificial intelligence, where BofA views the company as an “eventual winner.” The upgrade underscores Apple’s evolving ecosystem, blending hardware innovation with expanding services revenue. As AI integration accelerates across iPhones, Macs, and other devices, the firm anticipates stronger margins and market share gains. BofA recommends that investors monitor upcoming product cycles and service adoption trends, which could validate the bullish forecast. Apple shares have responded positively to such endorsements, hitting a new all-time high and surpassing the $4 trillion valuation mark ($4.021 trillion) in Wednesday morning trading. BofA’s call reinforces the narrative of Apple’s long-term resilience in a competitive landscape. ‎ MacDailyNews Take: Apple hit its 52-week low of $169.21 on April 8, 2025. “Sub-$170 AAPL seems like an absolute gift to us.” – MacDailyNews, April 8, 2025 ‎ Please help support MacDailyNews — and enjoy subscriber-only articles, comments, chat, and more — by subscribing to our Substack: macdailynews.substack.com. Thank you! Support MacDailyNews at no extra cost to you by using this link to shop at Amazon. The post BofA hikes Apple price target to $320 from $270 appeared first on MacDailyNews. You're currently a free subscriber to MacDailyNews. For the full experience, upgrade your subscription. Upgrade to paid   Like Comment Restack   © 2025 MacDailyNews 548 Market Street PMB 72296, San Francisco, CA 94104 Unsubscribe