Baird and Bank of America Raise Apple (AAPL) Price Targets, See Strong Growth Ahead

Apple Inc. (NASDAQ:AAPL) is included among the 10 Best Blue Chip Stocks to Invest in According to Billionaires.

Baird and Bank of America Raise Apple (AAPL) Price Targets, See Strong Growth Ahead

On May 1, Baird analyst William Power raised the firm’s price recommendation on Apple Inc. (NASDAQ:AAPL) to $310 from $300. It reiterated an Outperform rating on the shares. The firm updated its model after quarterly results showed continued strong growth and pointed to potential catalysts ahead.

On the same day, Bank of America raised the firm’s price goal on AAPL to $330 from $325. It maintained a Buy rating on the shares. The firm remains bullish on Apple into the remainder of 2026, noting that iPhone revenues are tracking better than expected and gross margins continue to show strength despite commodity headwinds. It also highlighted that 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 support continued double-digit growth in Services, the analyst tells investors.

Apple Inc. (NASDAQ:AAPL) designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories. It also offers a range of related services. Its product categories include iPhone, Mac, iPad, and Wearables, Home and Accessories.

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