Bank of America expects Apple to exceed consensus estimates for the June quarter ahead of its third-quarter results.
Bank of America reiterated its Buy rating on Apple (AAPL) with a $380 price target, citing expectations for a stronger-than-expected June quarter performance. The firm anticipates Apple will beat consensus estimates in its upcoming third-quarter earnings release.
Analysts highlighted Apple’s positioning ahead of the results, noting potential upside driven by demand and product cycles. The $380 target reflects confidence in the company’s near-term outlook compared to market expectations.
Apple’s stock remains a focus for investors as earnings approach, with attention on revenue growth and guidance.