Bank of America raises Apple price target to $325 from $320

Q2 forecast update

BofA raised the firm’s price target on Apple to $325 from $320 and keeps a Buy rating on the shares ahead of fiscal Q2 earnings due after market close on Thursday, April 30. The firm, which sees upside to Street estimates given continued strong sales of iPhone and double-digit growth in Services revenue, forecasts Q2 revenue and EPS of $113B and $2.00, respectively.

Source: TipRanks Financial

NB: My own estimates for Q2 revenues and EPS are $110B…

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