Evercore ISI Reiterates Outperform Rating on Apple (AAPL)

Evercore ISI analyst Amit Daryanani reiterated an Outperform rating and $250.00 price target on Apple (NASDAQ: AAPL)

The analyst comments: "The keynote was largely consistent with our preview that this would be a 'transition year' with relatively minor announcements. As expected, the biggest AI related announcement was Apple is opening up its on-device foundational AI models that underpin Apple Intelligence. This will enable developers to build AI features into their apps with 100% of the processing taking place on device, therefore working with or without an internet connections. The other AI announcements include deeper Visual Intelligence integration and live translate which will come to a variety of apps including messages, phone, and Facetime. It will also be available to developers via API. Apple also announced a new 'Liquid Glass' technology and changed the nomenclature used for its various operating systems. In addition to the 'Liquid Glass' changes to iOS, Apple also announced some visual changes for iOS 26, inspired by VisionOS. iPad OS will get some notable updates including some new multitasking features that will further blur the lines between MacOS and iPadOS. Apple Watch is getting a new 'Workout Buddy' that will offer enhanced fitness features and increases the devices lead as one of the best pieces of fitness hardware. Net/net: The announcements were consistent with our expectations heading into the event. Unlikely anything at the event changed anyone’s view on the stock."

For an analyst ratings summary and ratings history on Apple click here. For more ratings news on Apple click here.

Shares of Apple closed at $201.45 yesterday.

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