Evercore Bullish on Apple (AAPL) as Channel Checks Signal Upside

Apple Inc. (NASDAQ:AAPL) is one of the AI Stocks in Focus on Wall Street. On January 27, Evercore ISI reiterated the stock as “Outperform.” The firm noted that it’s bullish ahead of earnings later this week. According to the firm, recent channel checks point to potential upside in the near-term compared to current Street estimates. This is supported by robust iPhone demand. Moreover, memory component costs, which have been a concern across the industry, are anticipated to pose as a minimal headwind for th ...