Evercore ISI Boosts Apple Price Target to $380 Amid Strong iPhone Demand

Evercore ISI has raised its price target for Apple Inc. to $380 from an undisclosed prior level, while maintaining an Outperform rating on the stock.

The firm's annual survey of nearly 4,000 consumers regarding iPhone purchase intentions points to a better-than-expected iPhone refresh cycle.

The survey indicates 53% of respondents plan to buy an iPhone 18 Pro or Pro Max model, compared to a 51% average, with 32% specifically expecting to purchase the Pro Max versus 29% last year.