Apple (AAPL) Stock: $200 Price Target And Buy Rating

By Amit Chowdhry ● May 25, 2022
  • The shares of Apple (NASDAQ: AAPL) have received a $200 price target from BofA. These are the details.

The shares of Apple (NASDAQ: AAPL) have received a $200 price target from BofA. And BofA analyst Wamsi Mohan reiterated a “Buy” rating on the shares.

Mohan pointed out that Apple’s App Store revenue growth in the fiscal third quarter to date has grown to $2.6 billion, or up 7% year-over-year through April 30 (SensorTower data). And Mohan explained that this is a modest re-acceleration compared to about 6% year-over-year revenue growth in the fiscal second quarter.

Plus Mohan sees several tailwinds on Apple’s hardware and services like user growth, ASP, and increased penetration of the installed base. Plus the China gaming segment revenue increased 13% year-over-year.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.