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Evercore ISI Believes Apple (AAPL) Won’t Stop Here

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In a report released yesterday, Amit Daryanani from Evercore ISI maintained a Buy rating on Apple (AAPLResearch Report), with a price target of $210.00. The company’s shares closed last Thursday at $174.61, close to its 52-week high of $182.94.

According to TipRanks.com, Daryanani is a 5-star analyst with an average return of 12.8% and a 62.1% success rate. Daryanani covers the Technology sector, focusing on stocks such as International Business Machines, Hewlett Packard Enterprise, and Rackspace Technology.

Apple has an analyst consensus of Strong Buy, with a price target consensus of $193.36, implying an 8.7% upside from current levels. In a report issued on March 18, Loop Capital Markets also maintained a Buy rating on the stock with a $210.00 price target.

See today’s best-performing stocks on TipRanks >>

Apple’s market cap is currently $2901.1B and has a P/E ratio of 29.51.

Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AAPL in relation to earlier this year. Most recently, in February 2022, Arthur Levinson, a Director at AAPL sold 1,986 shares for a total of $344,154.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Apple, Inc. designs, manufactures, and sells smartphones, personal computers, tablets, wearables and accessories. It also offers a range of related services. Its products include iPhone, Mac, iPad, Apple TV, Apple Watch, Beats products, HomePod and AirPods. The services segment is comprised of AppleCare, cloud services, digital content offerings like the App Store and other content services like Apple Arcade, Apple Music, Apple News+, Apple Fitness+ and Apple TV+, payment services such as Apple Card and Apple Pay as well as advertising and licensing services. The company was founded by Steven Paul Jobs, Ronald Gerald Wayne, and Stephen G. Wozniak on April 1, 1976 and is headquartered in Cupertino, CA.

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