Daryanani Sees Apple Stock Hitting $380 Amid Strong iPhone Demand

Amit Daryanani, an Evercore analyst ranked No. 14 among over 12,500 analysts on TipRanks, has increased his price target for Apple stock (AAPL) to $380 from $365 and reiterated a Buy rating.

This change comes after Evercore's annual survey of about 4,000 U.S. consumers indicated a better-than-expected iPhone refresh cycle.

The analyst sees upside to iPhone and Apple's overall revenues for Fiscal 2027 compared to the Street's expectations of about 7% growth for the company.