Stocks
Evercore ISI Backs Apple Despite Foldable iPhone Duo Price Tag
Apple Inc. (AAPL) has launched its latest lineup of devices at its Surprise and Shine event, including the iPhone 18 Pro and Pro Max models, as well as the iPhone Duo, a foldable device with a starting price of $1,999.
Evercore ISI reiterated an Outperform rating on Apple stock with a price target of $365.00, suggesting modest upside from its current stock price of $315.34.
The firm stated that the new iPhone lineup should drive consumer interest and support continued iPhone momentum, particularly among users with devices three or more years old.