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BofA Securities analyst Wamsi Mohan maintained a Buy rating on Apple Inc (NASDAQ:AAPL) with a price target of $256. The rerating reflects the expected strong iPhone upgrade cycle in fiscal 2025 and 2026, driven by the need for the latest hardware to enable Gen AI features, higher growth in Services revenue, higher margins from more internally developed silicon, continuing capital returns, and AI features that can drive higher institutional ownership. The price target is based on approximately 30 times Mohan’s calendar 2026 EPS of $8.47. Also Read: Apple’s Q3 Smartphone Sales Slip Despite Stron…

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