Prepare for the stock price rebound! Evercore says the market has exaggerated pessimism about Apple
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Evercore analysts believe that the market's pessimism towards Apple has been exaggerated, and they suggest investors to prepare for a rebound in stock price. Apple's stock price rose over 1% on Monday to $231.3. Analyst Amit Daryanani believes that Apple has the ability to exceed market expectations and has given it a "tactical outperformance" rating with a target price of $250. He pointed out that there is strong upgrade demand in the U.S. market, partly driven by artificial intelligence. JP Morgan analysts are also optimistic about Apple, believing that the early weakness is only a temporary phenomenon
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