- The shares of Apple (AAPL) recently received a $190 price target from Evercore ISI. These are the details.
The shares of Apple (AAPL) recently received a $190 price target from Evercore ISI.
Price target: Increased from $185 to $190
Rating: Outperform
Analyst: Evercore ISI analyst Amit Daryanani
Daryanani adjusted the rating following a survey of about 4,000 individuals regarding their iPhone purchasing intentions. And the survey found that demand for high-end models is much higher compared to prior years.
Going forward, Daryanani increased the iPhone revenue estimates for the next 4 quarters given stronger than expected average selling prices indicated by the survey work. And while he sees modest unit upside compared to low-single digit Street expectations, the average selling prices could surprise materially.
