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Evercore ISI Reiterates Outperform Rating on Apple (AAPL), 'well positioned to outperform against low expectations'

October 29, 2024 4:01 PM EDT

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

The analyst comments "ALL ALL YOU NEED TO KNOW: Sentiment on Apple has turned more bearish in recent weeks, and we think buyside expectations are likely lower than current consensus estimates specially with noise around production cuts. Against this backdrop, we expect Apple to deliver inline results against current estimates, which should enable the stock to work higher, especially as we suspect their guide and iPhone... More