BofA raised the firm’s price target on Apple (AAPL) to $330 from $325 and keeps a Buy rating on the shares. The firm remains bullish on Apple into the remainder of 2026 given that iPhone revenues are tracking better than expected, gross margins continue to show strength despite commodity headwinds, AI enabled Siri will be available in 2026, a foldable iPhone is expected this fall, and a new record installed base of 2.5B-plus devices should drive continued double digit growth in Services, the analyst tells investors.
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