Bank of America Lifts Apple Target Above $300 on Chip Supply Upside

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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.

Sources

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