Ahead of its next earnings report, Apple Inc (AAPL) has received a stock target boost from analysts at Bank of America. Indeed, BAC raised its price target on Apple (AAPL) to $325 from $320 with a Buy rating. At press time, AAPL shares are trading at $259. The revision comes ahead of fiscal Q2 earnings due after market close on Thursday, April 30. BofA’s analysts believe the Street may be underestimating Apple’s near-term results.

Ahead of earnings, Bank of America forecasts Apple will exceed expectations with $113 billion in revenue and $2.00 EPS, indicating strong demand for iPhones. With AAPL stock trading at $260.50 and the analyst consensus target sitting at $296.33, BofA’s new $325 target suggests gains of approximately 25% from the current stock price.

BofA’s bullish thesis rests on two pillars: iPhone demand strength and double-digit growth in Services revenue. The firm sees upside to current Street estimates, which is a meaningful signal given how well Apple has already been performing. The most recent quarter supports that narrative, too. Apple reported iPhone revenue of $85.269 billion in Q1 2026, up 23% year over year, marking the best iPhone quarter ever. Should the iPhone developer replicate or surpass that performance in its April 30 earnings, Apple (AAPL) shares could boom past $300 quickly.

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Outside of Bank of America, numerous other firms are bullish on Apple for the remainder of 2026. Leading brokerage firm Traders Union forecasted a bullish price prediction for Apple stock for the end of 2026. According to the estimates, AAPL is set to reach an average trading price of $281 by December this year. The forecast also projects the leading equity to hit a high of $343 during the same period.

Furthermore, Apple stock (AAPL) has performed relatively well in April. AAPL surged more than 4% in a month and entered the greener side of the spectrum after having a rough start in 2026. A report from Nikkei Asia shed light on the fact that Apple’s upcoming flagship models of the foldable iPhone are facing engineering and technical snags, with a high chance of a delay in launch that could impact its stock prospects.