Bank of America Lifts Apple Price Target to $380, Reaffirms Buy as Stock Nears 52-Week High
By TrendSpider Editor
Bank of America analyst Wamsi Mohan reaffirmed a Buy rating on Apple Inc. while raising the firm's price target from $330 to $380, implying roughly 22% upside from the current price of $310.85. The confirmation comes as AAPL trades near the top of its 52-week range of $195.07 to $311.82, sitting jus
Bank of America Lifts Apple Price Target to $380, Reaffirms Buy as Stock Nears 52-Week High
Bank of America analyst Wamsi Mohan reaffirmed a Buy rating on Apple Inc. while raising the firm's price target from $330 to $380, implying roughly 22% upside from the current price of $310.85. The confirmation comes as AAPL trades near the top of its 52-week range of $195.07 to $311.82, sitting just a fraction of a percent below its all-time high for the period. Shares are up 0.82% on the session, signaling that the market is responding constructively to the renewed institutional conviction.
Key Drivers of the AAPL Stock Move
- Main Catalyst: Bank of America's Wamsi Mohan confirmed a Buy rating on AAPL and raised the price target meaningfully from $330 to $380, a $50 increase that represents a notable step-up in the firm's long-term valuation of Apple.
- Bull Case: The new $380 price target sits well above both the current price of $310.85 and the prior target of $330, suggesting BofA sees a compelling runway ahead. The stock is already up 59% from its 52-week low of $195.07, and a sustained Buy confirmation from a major sell-side institution at this level carries weight.
- Bear Case: At $310.85, AAPL is pressing against its 52-week high of $311.82, raising the risk of a near-term technical ceiling. Investors buying at current levels are chasing a stock that has already made a significant move, and any macro or product-cycle disappointment could trigger a pullback from stretched levels.
The BofA call adds a layer of institutional credibility to what has been a powerful recovery for Apple shares over the past year. With the stock within striking distance of a fresh 52-week high, the forward setup hinges on whether AAPL can break through that $311.82 resistance level with conviction. A confirmed breakout backed by continued analyst support and fundamental momentum could open the door toward the $380 target, though the compressed distance between the current price and the 52-week high means the risk-reward calculus deserves close attention for new entrants this week.
AAPL Analyst Ratings and Price Targets
Bank of America, through analyst Wamsi Mohan, reaffirmed its Buy rating on Apple on Wednesday, May 27, 2026, while raising its price target to $380 from a prior target of $330. The consensus average price target across covering analysts currently stands at $380. No upgrades or downgrades were issued as part of this action; this is a rating confirmation paired with a meaningful price target revision higher.
AAPL Seasonality
Late May and early June have historically been an active period for Apple, as the company typically approaches its annual Worldwide Developers Conference, an event that tends to generate product and software headlines capable of moving the stock. Positive analyst actions ahead of a potential catalyst-rich window can amplify momentum if sentiment remains constructive.
AAPL Relative Performance
With AAPL trading at $310.85 and up 0.82% on the session, the stock is outperforming a flat-to-mixed broader tape on Wednesday. The 52-week range of $195.07 to $311.82 reflects a gain of nearly 60% from the annual low, underscoring that Apple has been among the stronger large-cap performers over the past year. The proximity to the 52-week high distinguishes AAPL from many of its mega-cap peers that remain further from their respective highs, reinforcing the relative strength narrative that likely underpins BofA's renewed conviction.