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Evercore ISI Reiterates Outperform Rating on Apple (AAPL) Ahead of WWDC 2025
June 3, 2025 4:08 PM EDTEvercore ISI analyst Amit Daryanani reiterated an Outperform rating and $250.00 price target on Apple (NASDAQ: AAPL)
The analyst comments "ALL YOU NEED TO KNOW: Expectations are rightfully tempered this year at WWDC relative to prior years where we had more material announcements - 2024 (Apple Intelligence) and 2023 (Vision Pro) events. The largest announcement will likely be Apple opening its foundation models to app developers so that they can be leveraged for on device AI. In addition, AAPL may announce more partner options when it comes to their current Apple Intelligence partners beyond... More
Evercore ISI on Apple (AAPL): 'EVR Monthly App Store Update: No Sign of Impact From Epic Ruling...Yet'
June 3, 2025 4:40 AM EDTEvercore ISI analyst Amit Daryanani reiterated an Outperform rating and $250.00 price target on Apple (NASDAQ: AAPL).
The analyst comments "ALL YOU NEED TO KNOW: App Store revenue grew +13% in May, a slight step up vs the 12% growth rate in April. Critically, revenue from the US market was up 10%, the highest growth rate since January. Investors have been understandably concerned since the April 30th ruling that Apple must allow developers to steer users to non-Apple payment options. We... More
