BofA cuts Apple stock price target to $370 on margin pressure
Investing.com
BofA Securities has lowered its price target for Apple Inc. (NASDAQ:AAPL) to $370 from $380, citing potential gross margin pressure from lower-than-expected new iPhone pricing despite higher unit sales. The firm maintained a Buy rating, adjusting its 2027 earnings estimate and valuing the stock at 37 times this revised estimate. This comes amidst varied analyst opinions following Apple's recent product launches, including the iPhone Duo, with some analysts highlighting revenue potential while ot
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