Evercore ISI Maintains Bullish Outlook for Apple Inc. (AAPL) in Latest Update

Apple Inc. (NASDAQ:AAPL) is among the 14 Best Big Name Stocks to Invest in Right Now. On October 16, Evercore ISI maintained its Outperform rating and price target of $290 for the stock.

This is a reaffirmation of their earlier update on September 26, in which they hiked the stock’s price target from $260, following Evercore’s annual survey of approximately 4,000 consumers in the United States about their intentions to purchase the iPhone.

The analysts told investors that the survey’s results pointed to the beginning of a better-than-anticipated iPhone refresh cycle, driven by a strong line of Apple Inc. (NASDAQ:AAPL) products.

Evercore further stated the tech giant’s core strength was still concentrated in the Pro tiers. However, they also believe that iPhone 17 might have exceeded initial expectations with robust sales during its first week. The price target of $290 represents an 18% upside from the stock’s closing value on October 15.

Apple Inc. (NASDAQ:AAPL) is known for its consumer electronics, software, and other related products. Its premium line of products, which includes the iPhone, iPad, Mac computers, and a range of other accessories, has earned the company widespread acclaim and customer loyalty.

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