Apple (AAPL) Seen Weathering Legal and Tariff Risks, Evercore Stays Bullish with $250 Target

Apple Inc. (NASDAQ:AAPL) is one of the best big tech stocks to buy right now. Apple has posted one of the weakest performances among the mega-cap companies, with its shares having lost over 8% year-to-date. Much of the recent weakness has stemmed from uncertainty around the company’s AI strategy, but Evercore ISI analyst Amit Daryanani continues to be bullish on the name.

In an August 13 note, Daryanani reiterated his Buy rating on Apple, keeping a $250 price target. He believes several factors support a positive outlook for the stock.

While recent legal developments, including the Apple vs. Epic ruling, have raised questions, Daryanani expects minimal impact on App Store revenue. He notes that much of the platform’s earnings come from small, in-app gaming purchases that are likely to remain within Apple’s payment system, even with alternative payment options allowed.

He also views the upcoming iPhone launch as a near-term catalyst, given the historical boost in investor sentiment around product unveilings. In addition, more certainty on tariff policy has removed a source of operational risk. Together, these factors strengthen his view that Apple can maintain its market leadership and deliver steady financial results.

Apple Inc. (NASDAQ:AAPL) designs, manufactures, and markets innovative products, including the iPhone, iPad, Mac computers, Apple Watch, and Apple TV. The company also offers a range of software and services, such as the iOS and macOS operating systems, iCloud, advertising, payment services, Apple Music, and the App Store.

While we acknowledge the potential of AAPL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.