Bank of America Lifts Apple Target Above $300 on Chip Supply Upside
Bank of America raised its 12-month price target for Apple stock above $300, citing bullish fundamentals. ASML forecast first-quarter sales of €8.2–8.9 billion and full-year revenue of €34–39 billion, which could ease supply constraints for Apple’s processors.
1. Bank of America Price Target Raised
Bank of America increased its 12-month price target for Apple stock above $300, pointing to strength in services revenue, steady device sales, and improving supply chain visibility as key drivers.
2. ASML Demand Eases Chip Constraints
ASML projected first-quarter sales of €8.2–8.9 billion and full-year revenue of €34–39 billion, reflecting robust orders for EUV lithography tools that are essential for manufacturing the advanced processors powering Apple’s iPhones and Macs.