Form 3 Apple Inc. For: Feb 28 Filed by: Austin Wanda M

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Go back to Form 3 Apple Inc. For: Feb 28 Filed by: Austin Wanda M

Evercore ISI Removes Apple (AAPL) from Tactical Outperform List, 'we think iPhone units are largely flat'

March 4, 2024 7:38 AM EST

Evercore ISI analyst Amit Daryanani reiterated an Outperform rating and $220.00 price target on Apple (NASDAQ: AAPL).

The analyst comments "AAPL reported upside to Dec-qtr with a print of $119.6B/$2.18 vs. street at $118B/$2.10, overall sales were up 2% y/y (adjusted for extra week LY was up +4%) driven by strength across iPhones (+6%) and services (+11%) that was partially offset by weakness in iPad (-25%) and wearables (-10%). One of the concerns here is the softer Mar-qtr guide that implies sales... More