$Apple(AAPL)$ I just went through the key takeaways from Bank of America’s call on Apple.

Bank of America reaffirmed its Buy rating on Apple and raised its price target to $325 from $320.

They expect March-quarter revenue of about $113 billion, earnings of $2 a share, and Services revenue growth of 14% year over year. They also anticipate a new $100 billion buyback authorization and a 5% dividend increase.

All of this points to a potentially significant April 30 earnings report for Apple. If Apple delivers the upside Bank of America expects, investors might shift focus away from short-term concerns like margin pressure and look at the bigger picture: strong iPhone demand, steady Services growth, solid cash flow, and the potential for AI-driven updates.

Bank of America’s $325 price target is based on 32 times its 2027 earnings estimate, a sign that the firm still sees Apple as worth the investment. That doesn’t guarantee an immediate breakout. Apple still faces real questions on costs, competition, and upgrade timing.

But the bank’s message is clear: Apple may have more momentum and firepower than the market gives it credit for as earnings approach.