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Evercore reaffirms ‘Outperform’ rating on Apple stock

MacDailyNews

Apr 17

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This week, Evercore ISI reiterated Apple stock as “Outperform,” with a price target of $250. The firm stated that it’s standing by the stock in the face of Apple tariff headwinds.

“Apple looks positioned to deliver upside to Mar-qtr but focus will be on Jun-qtr guide and how they incorporate the impact of tariffs. There are a lot of moving parts on the tariff calculations, but currently imports from China are subject to a 20% tariff – though there is concern that we get a sector tariff that impacts electronics imported from China over the next few months.” – Evercore ISI

Insider Monkey:
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The analyst, Amit Daryanani, noted how Apple has been transporting iPhones using multiple Boeing 747 aircraft, demonstrating its major logistical undertaking for inventory management amid tariff tensions. Regardless, the firm remains confident in its rating and price target.
Overall, AAPL ranks 6th on our list of AI stocks you shouldn’t overlook right now.

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MacDailyNews Take: Plus, it’s on sale.

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