Evercore ISI analyst Amit Daryanani on Sunday added Apple stock to his firm’s “tactical outperform” list, saying the company is “well positioned to outperform against low expectations” for the September quarter and with its guidance for the current quarter.

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	Forwarded this email? Subscribe here for more Apple stock added to Evercore’s ‘Tactical Outperform’ list MacDailyNews Oct 14   READ IN APP   Evercore ISI analyst Amit Daryanani on Sunday added Apple stock to his firm’s “tactical outperform” list, saying the company is “well positioned to outperform against low expectations” for the September quarter and with its guidance for the current quarter. Apple will report fiscal Q424 earnings after the closing bell on October 31st. Patrick Seitz for Investor’s Business Daily: ‎ Bearish investors are focused on Apple’s challenges in the Chinese smartphone market, where domestic brands like Huawei are gaining ground, he said. But those concerns are overstated, Daryanani said. Plus, Apple should be able to offset any market share losses in China with growth in developing markets and the U.S., he said. “The staggered rollout of AI should also result in a stronger-for-longer iPhone upgrade cycle as the release of new features and new geographies should drive strong word-of-mouth advertising,” he said. Meanwhile, Apple’s wearables and services businesses should provide a boost for the company’s top and bottom lines, he said. ‎ MacDailyNews Note: Evercore rates Apple as “Outperform,” or buy, with a price target of $250. Today is Columbus Day in the U.S. and, as we spend the day with family and friends, posting will be limited. We will return to our regular posting schedule tomorrow. We are currently about 1/5th of the way to being sustainable with Substack subscriptions. Not a bad start! Please tell your Apple-loving friends about MacDailyNews on Substack and, if you’re currently a free subscriber, please consider $5/mo. or $50/year to keep MacDailyNews going. Just hit the subscribe button. Upgrade to paid Thank you! You're currently a free subscriber to MacDailyNews. For the full experience, upgrade your subscription. Upgrade to paid   Like Comment Restack   © 2024 MacDailyNews 548 Market Street PMB 72296, San Francisco, CA 94104 Unsubscribe