Bank of America lifts Apple's stock target to $350 on strong growth outlook
Bank of America Securities has raised its price target for Apple Inc. stock from $325 to $350 per share. The updated forecast suggests a 30 percent upside from the current trading range of around $270–$275. Analysts maintained their Buy rating, citing strong earnings potential and growth prospects.
The bank's latest assessment follows a previous target of $250, set in early February 2026. Since then, Apple's stock has climbed roughly 5%, reaching about $262 by February 4. Market optimism around AI advancements contributed to the rise.
Bank of America highlighted Apple's revenue growth, which has outpaced global competitors. Increased sales from Apple stores and services also supported the higher valuation. If the stock reaches $350, investors could see a return on capital of around 30 percent.
The updated rating reflects confidence in Apple's long-term margins and earnings potential. Analysts continue to view the stock as a strong investment opportunity.
The new $350 target implies significant growth potential for Apple shareholders. The bank's Buy rating remains unchanged, based on the company's revenue performance and market position. Investors will watch whether the stock approaches the revised forecast in the coming months.
