<div id="readability-page-1"><p>Recent App Store data is giving Wall Street a clearer picture of Apple's services business. Based on those trends, two 5-star analysts from BofA Securities and Evercore ISI said Apple (AAPL) remains well positioned heading into 2026, even as growth moderates in some areas.</p><h3>Claim 70% Off TipRanks Premium</h3><ul><li>Unlock  hedge fund-level data  and  powerful investing tools  for smarter, sharper decisions  </li><li> Stay ahead of the market with  the latest news and analysis  and maximize your portfolio's potential</li></ul> <h2><strong>BofA Securities: App Store Spending Shows Signs of Stability</strong></h2> <p>Today, top BofA Securities analyst Wamsi Mohan reiterated a Buy rating and a $325 price target after reviewing third-party App Store trend data for Apple's fiscal first quarter.</p> <p>Based on that data, Mohan estimates App Store revenue rose to about $8.6 billion, up 6.8% year over year, even though download growth was modest. He noted that this marked the slowest growth in several quarters. Still, spending per download increased, suggesting users are paying more even as downloads slow. December data also looked steady, with revenue rising faster than downloads.</p> <p>Regionally, China remained a weak spot, which Mohan linked to tougher comparisons, slower usage, and possible lower fees. Even so, he stayed positive, pointing to Apple's strong capital returns, long-term AI plans on devices, and room for growth from new products and markets.</p> <h2><strong>Evercore ISI: Services Growth Looks More Stable</strong></h2> <p>Another five-star analyst, Amit Daryanani of Evercore ISI, also reiterated an Outperform rating and kept his $325 price target, saying App Store revenue growth has held around 6% in recent months.</p> <p>Daryanani said gaming remains the main drag, with revenue down again, especially in China and Japan. However, he noted that most other App Store categories showed solid growth. Social networking, music, and photo and video apps all posted gains, with momentum improving month over month.</p> <p>Looking ahead, Daryanani expects pressure from gaming to ease, while faster-growing services such as Apple Pay, iCloud, and licensing help support overall services revenue.</p> <h2><strong>Is Apple a Buy or Sell Right Now?</strong></h2> <p>Turning to Wall Street, analysts have a Moderate Buy consensus rating on AAPL stock based on 19 Buys, 11 Holds, and two Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average AAPL price target of $299.70 per share implies 12.14% upside potential.</p></div>

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<p>Recent App Store data indicates that Apple (AAPL) is well-positioned for growth, according to analysts from BofA Securities and Evercore ISI. BofA's Wamsi Mohan maintains a Buy rating with a $325 price target, noting a 6.8% year-over-year increase in App Store revenue to $8.6 billion, despite modest download growth. Evercore's Amit Daryanani also keeps an Outperform rating and $325 target, highlighting stable revenue growth in most App Store categories. Analysts have a Moderate Buy consensus on AAPL, with an average price target of $299.70, suggesting a 12.14% upside potential.</p>

- Recent App Store data shows that Apple (AAPL) is well-positioned entering 2026, with analysts from BofA Securities and Evercore ISI maintaining a $325 price target despite slowing growth.  
- BofA analyst Wamsi Mohan estimates App Store revenue rose to $8.6 billion, up 6.8% year over year, driven by increased spending per download, while Evercore's Amit Daryanani noted solid growth in categories like social networking and music despite challenges in gaming.  
- Analysts have a Moderate Buy consensus on AAPL, with 19 Buys, 11 Holds, and two Sells, indicating a potential upside to an average price target of $299.70.

AAPL Stock: Why Apple Got a Double Thumbs-Up from Top Analysts