Apple could see another 30% upside if it surpasses its December 2021 highs: BofA
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Apple (NASDAQ:AAPL) shares have gained more than 18% over the past month, as markets have recovered from their first-half decline. However, a market strategist at Bank of America thinks there may be more significantly more upside if the stock can break above its peak set in December 2021.

Chief Market Technician Stephen Suttmeier said that if Apple (AAPL) were to hold above or near the $157-$150 area on dips, that would set up a "bullish head and shoulders continuation pattern."
If that happens, Apple (AAPL) could then head towards the highs of around $176 to $183, seen in December 2021. If that happens, it would confirm the pattern and there could be "further upside" for the tech giant, perhaps as high as $230, Suttmeier wrote in a note.
Apple (AAPL) shares were fractionally higher at $174.62 in mid-day trading on Thursday.
Earlier this week, Credit Suisse upgraded Apple (AAPL) to outperform, citing the company's massive user base of almost 2 billion installed devices.