Bank of America Forecasts iPhone 16 Upgrade Cycle Impact on Apple Stock
Friday, 12 July 2024, 00:03
Bank of America Forecast
Bank of America foresees a noteworthy uptrend in Apple's stock due to the projected multi-year upgrade cycle catalyzed by the release of the iPhone 16.
Anticipated Impact
Strong Growth: The bank expects the new iPhone model to instigate heightened consumer interest and drive substantial financial gains for Apple.
- Multi-Year Cycle: The forecast suggests a prolonged period of iPhone 16 adoption, fueling the company's performance in the market.
Price Projection
Stock Price Target: Bank of America's analysis points to a target of $256 per share, signalling a positive trajectory for Apple's stock value.
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