Evercore ISI Hikes Apple Price Target to $365: Bull Case Now $500 on Services Compounding
Evercore ISI has raised its price target for Apple (AAPL) to $365, with a bull case of $500, citing the company's ability to compound earnings and free cash flow through Services revenue growth, premium iPhone mix shift, and aggressive capital returns. Despite the stock flirting with all-time highs, Evercore believes Apple can achieve this growth without significant iPhone unit increases, emphasizing its high-margin Services segment and large installed device base as key drivers. The firm's analysis offers a more optimistic outlook than the current consensus target, though potential regulatory pressures and market saturation remain bear case considerations.
https://247wallst.com/investing/2026/05/14/evercore-isi-hikes-apple-price-target-to-365-bull-case-now-500-on-services-compounding/