Evercore ISI Maintains Outperform Rating on Apple (AAPL) Stock

Evercore ISI Maintains Outperform Rating on Apple (AAPL) Stock Bob Karr Sat, July 4, 2026 at 4:10 PM GMT+2 2 min read AAPL Apple Inc.  (NASDAQ: AAPL ) is one of the Best AI and Technology Stocks to Buy Now. On June 25, Evercore ISI maintained an "Outperform" rating on the company's stock with a price objective of $365.

This comes after the company announced price increases throughout select Mac, iPad, and home devices. Apple Inc.  (NASDAQ:AAPL) increased the prices across the product lineup, with these increases ranging between 17% to 25% on base-model Mac as well as iPad configurations.

Evercore ISI Maintains Outperform Rating on Apple (AAPL) Stock The decision comes after the recent comments from its CEO regarding the memory supply constraints. It seems that the price hikes are due to the increased memory costs as DRAM and NAND pricing are now multiples higher compared to the previous year and significantly above levels at the beginning of the year when the company refreshed the product lines. Furthermore, the firm stated that the intra-cycle price hike demonstrates that the magnitude and pace of cost pressure surpassed Apple Inc.

(NASDAQ:AAPL)'s capability to absorb it. Even though the price increases are expected to support gross margins, intra-cycle hikes might lead to demand friction throughout Macs and iPads. Apple Inc.

(NASDAQ:AAPL) designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and home accessories. While we acknowledge the potential of AAPL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock .

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