Apple drew investor attention on Wednesday after Evercore ISI reaffirmed it as the firm’s top stock pick in the technology hardware sector, highlighting robust iPhone demand. The stock traded slightly lower during the morning session.“AAPL remains our top pick across our hardware coverage, as we believe it’s poised to outperform [near-term] expectations on a strong iPhone cycle and the potential around an AI Siri upgrade,” analysts at Evercore ISI stated in a client note. The firm expressed continued optimism toward Dell and Hewlett Packard Enterprise within the hardware industry, noting that Dell stands out as “best-in-class in supply chain procurement,” while HPE is better equipped to navigate the memory cycle “better than historically given its mix shift post Juniper ([more than 50% networking revenues]).” Evercore ISI’s current price target for Apple is $325, with an “Outperform” (Buy) rating. Support MacDailyNews at no extra cost to you by using this link to shop at Amazon. The post Apple stock remains our top pick in tech hardware – Evercore ISI appeared first on MacDailyNews. You're currently a free subscriber to MacDailyNews. For the full experience, upgrade your subscription.
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Wednesday, January 7, 2026
Apple stock remains our top pick in tech hardware – Evercore ISI
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