Key Points One Bank of America analyst says Apple's iPhone price increases won't offset sliding margins. Apple's stock received a price target cut to $370. Apple's devices still command premium prices, and the new iPhone could spur an upgrade cycle. 10 stocks we like better than Apple › John Ternus recently hosted his first iPhone event as Apple (NASDAQ: AAPL) CEO, and following the debut of the new iPhone 18 Pro and Pro Max, as well as the company's first foldable iPhone Duo. Bank of America analyst Wamsi Mohan reiterated his buy rating for Apple stock following the event, but cut his price target to $370, down from $380 previously. Missed AI’s "Act 1"? Act 2 Could Be 15x Bigger.
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