Apple (AAPL) Stock: $215 Price Target And Buy Rating

By Amit Chowdhry ● Apr 2, 2022
  • The shares of Apple Inc (NASDAQ: AAPL) have received a $215 price target from BofA. These are the details.

The shares of Apple Inc (NASDAQ: AAPL) have received a $215 price target from BofA. And BofA analyst Wamsi Mohan reiterated a “Buy” rating on the shares.

Mohan cited a recent media article that suggested Apple plans to produce 20% fewer iPhone SE next quarter along with order cuts for the entire iPhone 13 range and for AirPods given weaker demand as a result of the war in Ukraine. Even though the report might lead some investors to believe there is a risk to demand, Mohan believes the demand for iPhones remains strong based on his analysis of iPhone trade-in prices. And Apple is now offering trade-in values that are at a discount compared to third parties in the U.S. and UK. 

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