$Apple(AAPL.US) - EVERCORE ISI LIFTS APPLE PT TO $290
Evercore ISI raised Apple’s price target to $290 from $260, keeping an Outperform rating. A survey of 4,000 U.S. consumers points to a stronger-than-expected iPhone 17 refresh cycle, led by demand for Pro models and higher memory configurations, which could lift average selling prices ~7% y/y.Analyst Amit Daryanani noted weaker demand for the new iPhone Air but stronger momentum in Services, especially Apple Pay. Early sales data and U.S. survey results suggest a solid start to the cycle.The copyright of this article belongs to the original author/organization.
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