According to CoinMeta, Bank of America reaffirmed its buy rating on Apple’s stock and maintained a target price of $380, expecting Apple’s stock price to rise by about 14%. This forecast is based on tight iPhone supply, strong AI growth prospects, and Apple’s financial results exceeding expectations. Apple’s third-quarter financial report showed revenue of $109.4 billion, a year-on-year increase of 16%. Bank of America noted that approximately $0.11 in earnings came from one-time tariff refunds; excluding this, earnings were basically in line with expectations.