BofA Sees 27.5% Upside for Apple Stock on Siri AI Shift, Reiterates $380 Target
Bank of America analyst Wamsi Mohan reaffirmed a buy rating and $380 price target on Apple, implying a 27.5% upside, as the new Siri AI could ignite a massive iPhone upgrade cycle and drive revenue growth. The call comes after WWDC where Apple showcased generative AI features designed to reignite flagging upgrade rates, with other firms like Goldman Sachs and Morgan Stanley also resetting forecasts.
Source: Apple Intelligenc (us) · Apple Intelligenc (us)