Evercore ISI Sticks to Outperform Rating as Apple Unveils Refreshed Mac Mini

Evercore ISI reaffirmed its Outperform rating and $365 price target for Apple Inc. (NASDAQ:AAPL) after the company's announcement of refreshed Mac mini models.

The new Mac mini lineup features M6 and M5 Pro chips, with base models starting at $899 and $1,699 respectively, a $300 increase from the original M4/M4 Pro launch prices.

Evercore ISI views the new Mac mini as an example of Apple using its own silicon to push the Mac portfolio further into higher-value AI workflows.

Apple's market value has grown significantly under outgoing CEO Tim Cook, transforming into an institution noted for innovation and customer loyalty.