Apple's Price Target Raised Ahead of Earnings Due to Strong iPhone Sales and Services Growth
Bank of America raised Apple's price target to $325 from $320 ahead of its earnings report, citing strong iPhone sales and Services growth. The firm forecasts revenue of $113 billion and EPS of $2 for the fiscal second quarter, exceeding consensus estimates. The outlook suggests 18% year-over-year revenue growth, driven by device sales and Services expansion.
Tickers: $AAPL
Topics: Analyst forecast Apple Inc. Earnings report iPhone sales Price target Services growth