Apple is coming back strong, as hoped.

Just days ago, we noted, “After falling from about $199.62 to a recent low of $180.17, the oversold tech giant is now back at $186.56. From here, we’d like to see it refill its bearish gap around $192.50 initially. Helping, the company just announced Apple Vision Pro will be available beginning Friday, February 2.”

Today, Apple is back to $188.67, and could soon test $200 a share.

Helping, analysts at Bank of America just upgraded the stock to a buy rating, expecting for artificial intelligence and Vision Pro to drive it even higher.

With a $225 price target, they said, “We upgrade Apple to Buy from Neutral, given: 1) stronger multi-year iPhone upgrade cycle driven by the need for the latest hardware to enable Generative AI features to be introduced in 2024/2025 (a large part of the installed base still on iPhone 11), 2) higher growth in Services as Apple better monetizes its installed base,” as quoted by CNBC.

They added the Vision Pro “could surpass iPad revs over time as spatial computing takes hold offering differentiated use cases driving services upside.”