Evercore ISI raised its price target for Apple to $380 from $365, implying nearly 13% upside potential. The firm maintains its outperform rating and anticipates a better-than-expected iPhone refresh cycle driven by price increases exceeding 20% on the latest models. The iPhone 18 Pro and Pro Max, priced $100 higher than their predecessors, continue to attract consumers according to an Evercore ISI survey, with 53% of respondents planning to purchase one of these models. Shares have already surged 24% year-to-date with 27 of 45 analysts recommending the stock.
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