Apple stock sees stunning Wall Street twist before earnings
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By Faizan Farooque
Published on April 16, 2026.
Apple's (AAPL) next earnings report is becoming the next'shock' event for the tech giant. As demand for the iPhone remains strong and services grow, and pressure increases on margins, costs, and the next big product cycle, Wall Street is looking for signs that the company can keep its growth engine going. Bank of America has reiterated its Buy rating on Apple and raised its price target to $325 from $320. The bank sees strength in iPhone sales, healthy Services growth, and a helpful foreign-exchange backdrop as key drivers for future growth. It also anticipates a new $100 billion buyback authorization and a 5% dividend increase. The company also increased its forecast for the whole year to $466 billion and profits to $8.55 per share.
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