Reported 2 days ago
Evercore ISI has reaffirmed its 'Outperform' rating and raised the price target for Apple Inc. (AAPL) to $290, reflecting an 18% upside from its previous closing value. This decision follows a consumer survey indicating a promising iPhone refresh cycle, particularly with strong sales of the new iPhone 17 model. Despite noting the potential of other AI stocks, Evercore maintains that Apple's premium products, particularly in the Pro tiers, remain a solid investment.
Source: YAHOO