Apple stock earnings drop after the closing bell on Thursday, April 30, and right now, Wall Street is paying close attention to every signal it can get. Analysts expect fiscal Q2 revenue of around $109.5 billion, with earnings per share landing somewhere between $1.92 and $1.94, a solid jump from $1.65 a year ago. The Apple stock price sits at roughly $270 at the time of writing, and options pricing points to a move of as much as 4% following the Apple earnings call. That kind of swing could take the stock close to its December record near $286, or drag it below $260 on the downside.
Also Read: Google Stock Jumps on Earnings But UBS, Morgan Stanley See Bear Case
Apple Stock Price Target, Forecast & Earnings Call Outlook
Goldman Sachs and BofA Stay Bullish
The Apple stock forecast looks broadly bullish across most major banks. Goldman Sachs analyst Michael Ng holds a $330 Apple stock price target and expects EPS to come in at $2.00, above the Wall Street consensus. His team anticipates outperformance on both iPhone and Mac revenue, along with solid gross margins.
Bank of America also has a $325 Apple stock price target and calls for a meaningful Apple stock earnings beat. The bank raised its target ahead of this report, pointing to iPhone momentum and the AI-driven upgrade cycle as the main near-term growth drivers. Services revenue also gets projected to grow at double-digit rates through 2026.
BofA analysts stated:
“Upcoming catalysts include expected new buyback authorization, WWDC in June, and launch of a foldable iPhone in the fall and launch of an enhanced Siri with integration with Gemini AI which can drive higher upgrades.”
JPMorgan Keeps Its Target But Watches the Leadership Shift
JPMorgan analyst Samik Chatterjee also holds a $325 Apple stock price target going into the Apple earnings call, and his team anticipates strong iPhone and Mac demand. That said, his framing of the quarter shifts attention pretty firmly toward the CEO transition rather than the headline numbers.
Samik Chatterjee wrote in a note to investors:
“Center stage on the earnings call will be the planned transition of the CEO role to John Ternus on September 1 and the potential implications of the change in Apple’s strategy relative to Hardware vs. Services.”
This Apple stock earnings report marks the first since the company announced that hardware engineering chief John Ternus will take over from Tim Cook at the start of September. Wedbush’s Dan Ives, who holds the most bullish Apple stock price target on the Street at $350, also flagged the call as a critical moment for investors:
“With Cook leaving as CEO this will be a monumental conference call for Apple. Investors will be laser focused on Cook’s comments around leaving and breadcrumbs around the much anticipated AI strategy now under Ternus.”
UBS Stays Neutral Ahead of Apple Stock Earnings
Not everyone shares the same Apple stock forecast going into Thursday. UBS analyst David Vogt carries a neutral rating and a $287 Apple stock price target, up from $280. His team sees Apple coming in slightly above estimates and views the June quarter outlook as positive. Still, risks around Apple Intelligence adoption and softer App Store growth remain real variables that could limit upside on the Apple stock price near-term. Across 42 analysts covering the stock right now, the consensus sits at a Moderate Buy, with an average Apple stock price target of roughly $305, which implies about 12% upside from current levels.