According to CoinMeta, Bank of America analyst Wamsi Mohan reiterated his buy rating on Apple stock, setting a target price of $380, which is about 14% higher than the closing price of $333.43 on July 30. Apple's revenue in the second quarter of 2026 was $109.4 billion, a year-on-year increase of 16%. Although Apple's quarterly guidance indicates revenue growth of 9% to 11%, Bank of America believes this reflects Apple's production capacity rather than consumer demand. Apple's iPhone revenue was $54.2 billion, a year-on-year increase of 22%. Bank of America also expects that Apple will achieve AI monetization through services such as Siri in the coming years.