Evercore ISI Raises PT on Apple (AAPL) Stock

Group 1 - Apple Inc. (NASDAQ:AAPL) is recognized as a top AI and technology stock by hedge funds, with Evercore ISI raising its price target to $325 from $300 while maintaining an "Outperform" rating, citing the upcoming Siri 2.0 as a potential profit and valuation catalyst [1] - Citi has also raised its price target for Apple Inc. to $330, driven by stronger-than-expected momentum for the iPhone 17 cycle and a healthier upgrade pool anticipated for 2026 and 2027, with expectations of iPhone upside in the December and March quarters [2] - The shift to Wafer-level Multi-Chip Module (WMCM) packaging in 2026 is expected to provide efficiency gains and support heavier on-device AI workloads, with Citi basing its new target on a ~33x multiple of 2027 earnings, justifying the premium due to Apple's margin profile, services mix, and balance sheet [3]