Sam Boughedda, Yahoo Finance:

Bank of America analyst Wamsi Mohan raised the bank’s price target on Apple to $320 from $270 in a note on Wednesday, reiterating a Buy rating on the stock.

The move comes after BofA provided a new five-year outlook for the company that projects sustained growth across products and services, underpinned by the ecosystem, brand, and installed base.

And:

The bank now forecasts fiscal 2025 revenue and earnings per share of $418 billion and $7.41, respectively.

This comes out a day ahead of Apple’s earnings announcement.

A $320 price would value Apple at about $4.5 trillion, which is still well below Nvidia, which reached the $5 trillion mark on Wednesday.)