"Bank of America Predicts 25% Surge in Apple Stock Despite Skepticism"

BofA Securities analyst Wamsi Mohan upgraded Apple's stock to buy from neutral, predicting a potential 25% surge with a price objective of $225, citing optimism about the iPhone business and a stronger multi-year iPhone upgrade cycle driven by generative artificial-intelligence features. Despite lagging behind the S&P 500, Mohan believes the stock's relative multiple to the index is poised to increase, and anticipates institutional investors to increase positions. This bullish call contrasts with recent cautious sentiment from other analysts.