Bank of America releases new target price for Apple stock
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According to CoinWorld, Bank of America reiterated its "Buy" rating on Apple Inc. (NASDAQ: AAPL) and raised its target price from $325 to $350, citing revenue growth surpassing that of a certain exchange and a 7% year-on-year increase in store revenue. The stock price has already risen by 4.1%, reaching a year-high of $270, with about 30% upside potential remaining, but a downward trend could see it fall to around $205.
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