Apple stock price target cut to $370 from $380 by BofA: What investors should know

Apple stock price target cut to $370 from $380 by BofA: What investors should know

BofA cuts Apple target to $370, lowering 2027 EPS to $9.98 on lower pricing and component costs. For tech managers: margin pressure raises device TCO; on-device AI + Private Cloud is strategic but 2027 supply-chain risks complicate procurement decisions.