$AAPL - APPLE BULL CASE: $500? Evercore ISI raised its price target on AAPL to $365 from $330, while keeping an Outperform rating and setti…
$AAPL - APPLE BULL CASE: $500?
Evercore ISI raised its price target on AAPL to $365 from $330, while keeping an Outperform rating and setting a bull case target of $500.
Analyst Amit Daryanani said investors are too focused on short-term iPhone and AI concerns, while underestimating Apple’s long-term strengths:
High-margin Services growth
Premium iPhone demand, including a potential foldable launch
Strong execution amid supply chain disruption
Aggressive capital returns
Major upside from AI monetization
Evercore believes Apple can deliver low-to-mid teens EPS and free cash flow growth even with modest iPhone unit growth, driven by higher pricing, Services expansion, and future AI opportunities through Apple Intelligence.
Tickers mentioned
More from Walter Bloomberg
- Sat, 23 May 2026 18:28:33 GMTIRAN AND PAKISTAN HAVE SENT REVISED OFFER TO US TO TERMINATE CONFLICT, OPEN STRAIT OF HORMUZ, TWO PAKISTANI SOURCES AWARE OF NEGOTIATIONS S…
- Sat, 23 May 2026 18:27:33 GMTUS RESPONSE TO LATEST PROPOSAL EXPECTED BY SUNDAY, TWO PAKISTANI SOURCES AWARE OF NEGOTIATIONS SAY
- Sat, 23 May 2026 18:04:32 GMTTHE INTERIM DEAL TO END THE CONFLICT TAKES BOTH THE SIDES TO WHERE THEY WERE TOO CLOSE TO STRIKE A DEAL IN ISLAMABAD TALKS - PAKISTANI OFFI…
- Sat, 23 May 2026 17:08:29 GMTAN MOU IS BEING FINE TUNED TO END US-IRAN WAR - PAKISTANI SECURITY OFFICIAL
- Sat, 23 May 2026 16:29:27 GMTTRUMP TO HOLD A CALL ON SATURDAY WITH LEADERS FROM SAUDI ARABIA, QATAR, UAE, EGYPT, TURKEY AND PAKISTAN
- Sat, 23 May 2026 15:57:26 GMTRUSSIA IS PREPARING A STRIKE AGAINST UKRAINE USING "ORESHNIK" MISSILE, ZELENSKIY SAYS, CITING INTELLIGENCE FROM UKRAINE, U.S. AND EUROPE
- Sat, 23 May 2026 15:56:25 GMTTRUMP SAYS U.S., IRAN ARE "GETTING A LOT CLOSER" TO FINALIZING AGREEMENT, ACCORDING TO CBS INTERVIEW
- Sat, 23 May 2026 15:45:25 GMTTRUMP SAYS ODDS OF IRAN DEAL OR STRIKES ARE ‘50-50’: AXIOS TRUMP TO MEET ENVOYS, MAY DECIDE ON IRAN ACTION BY SUNDAY: AXIOS PROPOSED U.S.-I…