Apple stock hitting $300 is, right now, more a question of timing than possibility. At the time of writing, AAPL trades at $284.18, up 2.66% on May 6, and Wall Street has largely stopped debatingifit gets there.BofA raised its Apple stock price target to $330after a record fiscal Q2 2026 report, and the broader analyst consensus also moved up sharply around the same time. Apple’s stock forecast for 2026 now has a pretty clear direction across more than 30 analysts, with the average sitting near $300 to $305.
Apple’s fiscal Q2 2026 reportlanded differently than most. Revenue and earnings both cleared estimates by a wide margin, and the Services segment hit a new all-time high. Management also announced a fresh $100 billion share buyback and a dividend increase on top of that, which is the kind of signal investors tend to read as a direct statement about cash flow confidence. Apple stock hitting $300 started looking, to a lot of desks, like a near-term checkpoint rather than a long-term ambition.
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Bank of America’s Wamsi Mohan raised the firm’s Apple stock target to $330 from $325 after the Q2 results, which put the call about 18% above where AAPL traded at the time. The revision rested on strong iPhone demand, double-digit Services growth, and also some foreign exchange tailwinds that analysts felt the market had underpriced. App Store revenue also reached $3.2 billion in the first 33 days of Q3, up 3.7% year over year, and the firm took that as a sign that Q3 momentum would hold.
Bank of America analystWamsi Mohansaid, via TheStreet:
“BofA analysts view it as a premium story in an otherwise messy market. Services remain a critical pillar, but the product cycle matters a ton as well.”
Bernstein analyst Mark Newman also reiterated a Buy and raised his Apple stock prediction for 2026 to $350 from $340. Newman pointed to continued market share gains and higher average selling prices as the core of his revised view. And Wedbush, which has held a $350 Apple stock target throughout, also reaffirmed its position after Apple announced the John Ternus CEO transition.
Wedbush analyst Daniel Ives was clear about the fact that:
“Apple’s AI integration roadmap and services monetisation potential remain intact despite the CEO change, while flagging tariff costs and macro uncertainty as near-term risks.”
BNP Paribas also upgraded Apple to Outperform and set a $300 target, citing improving iPhone demand and a better read on AI-linked Services revenue going into the second half of the year.
Source: Watcher Guru
