00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Apple shares were standing on Wednesday as investors assessed long-term growth prospects
00:06and upcoming iPhone and services momentum, according to Benzinga.
00:09Bank of America's securities analyst Wamsi Mohan reiterated it by rating,
00:13raised the price target from $270 to $320,
00:17citing stronger iPhone 17 pro demand and growing AI-driven opportunities in eyewear and robotics.
00:23Mohan projects fiscal 2025 revenue of $418 billion and EPS of $7.41.
00:29The base case forecast for 2030 EPS at $13.79,
00:34applying its 14% six-year compound annual growth rate.
00:38The model's fourth-quarter iPhone shipments of 57 million units
00:41and a gross margin of 46.4% above prior estimates.
00:46Apple traded near its 52-week high of $269.89.
00:50For all things money, visit Benzinga.com.
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