On Tuesday, top Bank of America analyst Wamsi Mohan reiterated a Buy rating on Apple stock and raised his price target to $325 from $320.
TipRanks:
Mohan expects the company to report solid results, driven by strength in iPhone sales and the Services business.
Mohan expects Apple’s Q2 results to surpass the Street’s estimates, backed by continued strength in iPhone sales, double-digit growth in Services revenue, and favorable forex changes.
The 5-star analyst also highlighted upcoming catalysts, including an expected new buyback authorization, the WWDC event in June, and the launch of a foldable iPhone in the fall. He also mentioned the launch of an enhanced Siri with integrated Gemini AI, which could drive further upgrades.
Mohan expects Apple to report Q2 FY26 revenue, EPS, and gross margin of $113 billion, $2.00, and 48.2%, respectively.
He expects Apple to guide Q3 FY26 revenue growth of 10% to 15% (year-over-year) and EPS of $1.82.
MacDailyNews Note: As usual, we’ll bring you Apple’s Q2 results as soon as they are released, right around 1:30 p.m. PDT / 4:30 p.m. EDT on Thursday, April 30, 2026 and then follow with live notes from Apple’s conference call at 2:00 p.m. PDT / 5:00 p.m. EDT.
Please help support MacDailyNews — and enjoy subscriber-only articles, comments, chat, and more — by subscribing to our Substack: macdailynews.substack.com. Thank you!
Support MacDailyNews at no extra cost to you by using this link to shop at Amazon.
Alright AAPL $325 here’s we go!.😃
Neo demand shows no sign of stopping.
The first shoe of Apple’s Ai strategy dropped today, Gemini is available on Mac, El Capitan onwards!!!
More shoes will drop as time goes, Right call BofA,