Apple (AAPL) stock has risen 2.3% over the past week, 4.8% over the past month, and an impressive 37.7% over the last year. Wall Street’s analysts are moderately bullish, forecasting further gains over the next twelve months with an average price target of $304.85 versus a last closing price of $266.43.
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Among the most closely watched voices is Wamsi Mohan of BofA Securities, who reiterated his Buy rating on April 15, 2026 and lifted his price target to $325. This new target suggests notable upside from current levels and reflects confidence in Apple’s earnings momentum heading into upcoming quarters.
Mohan expects a strong March quarter report, driven by robust iPhone demand and double-digit growth in Services revenue. He also points to positive foreign exchange effects and several catalysts ahead, including a likely new share buyback plan, June’s WWDC event, and the anticipated launch of a foldable iPhone and enhanced Siri integrated with Gemini AI in the fall.
His models now assume 60 million iPhone units in the March quarter and 14% year‑over‑year Services revenue growth, in line with management guidance. While he sees gross margins easing slightly in the June quarter due to higher memory costs, he expects Apple to offset this through supply chain leverage, a richer iPhone mix, and pricing power following Samsung’s recent price hikes.
For the full fiscal year 2026, Mohan now projects $466 billion in revenue and earnings of $8.55 per share, up from prior estimates, supporting his $325 price target based on 32x his 2027 EPS forecast. This 5‑star analyst ranks 48 out of 12,147 on TipRanks, with a 63.8% success rate and an average return of 35.6% per rating. Never miss a stock rating. Find all the latest ratings on TipRanks’ Top Wall Street Analysts page.