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Evercore ISI Stands Firm on Apple Outperform Rating Amid iPhone Frenzy

Guavy AI Editorial Team
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AAPL
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Evercore ISI has reaffirmed its Outperform rating for Apple Inc. (AAPL) amidst strong demand for the new iPhone 18 Pro and Pro Max models.

The firm set a price target of $365.00, which is above the current trading price of $334.44. The stock has risen by 22.5% year-to-date, nearing its 52-week high.

InvestingPro analysis suggests that Apple appears overvalued relative to its Fair Value, but maintains a 'GREAT' financial health score. Notably, 13 analysts have recently revised earnings downward for the upcoming period.

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