Apple Stock Forecast: Trending Buy Calls From Top Analyst

Apple (AAPL) stock has risen 4.7% over the past week, 8.2% over the past month, and an impressive 41.5% over the past year. Wall Street’s analysts are moderately bullish, forecasting further gains over the next twelve months with an average price target of $313.38 versus a last closing price of $280.14.

Among the most closely watched voices is Wamsi Mohan of Bank of America, who reiterated a Buy rating on May 4, 2026, with a price objective of $330. This target suggests meaningful upside from current levels and reflects confidence that Apple can keep outperforming as new products and services roll out.

Mohan highlights several key tailwinds for 2026, including iPhone revenues tracking better than expected globally, even in China, and a record wave of upgraders. Apple’s installed base has now surpassed 2.5 billion devices, which he believes will power continued double-digit growth in its high-margin Services business.

The analyst also notes that Apple’s gross margins have been impressive, coming in at 49.3% thanks to a favorable mix of products and services, despite higher memory costs. Management guided June-quarter margins to 47.5%–48.5%, and Mohan expects Apple to raise prices on premium iPhones like the foldable, Pro Max, and Pro models while keeping base model prices steady to support market share.

Looking ahead, Mohan points to AI-enabled Siri launching in 2026, a foldable iPhone expected this fall, and a CEO transition that will see John Ternus focus on product launches as Tim Cook becomes chairman. He argues Apple is well placed to invest more in AI infrastructure while remaining financially disciplined, and his strong track record—ranking 38 out of 12,175 analysts with a 64.0% success rate and 40.6% average return—adds weight to the bullish case. Never miss a stock rating. Find all the latest ratings on TipRanks’ Top Wall Street Analysts page.