Apple continues to draw strong support from Wall Street analysts, with Evercore ISI reiterating its positive outlook on the stock just hours before the company’s highly anticipated December-quarter earnings report.
In a research note dated January 27, 2026, Evercore ISI maintained its “Outperform” rating on AAPL shares, citing encouraging results from recent channel checks that suggest potential near-term upside compared to current consensus estimates.
“We remain positive on shares of AAPL heading into the Dec-qtr earnings this Thursday, as our checks suggest that there’s near-term upside to street estimates, driven by strong iPhone demand and a minimal memory cost headwind (through the Mar-qtr),” the firm stated.
The bullish stance comes amid broader market focus on Apple as one of the prominent AI stocks under investor scrutiny. Analysts highlighted robust demand for iPhone products as a primary driver of the expected outperformance, while downplaying concerns over rising memory component costs, which are seen as presenting only a limited challenge through the March quarter.
Wall Street’s overall sentiment on Apple remains favorable, with a consensus “Buy” rating across analysts. The average price target stands at $300, implying approximately 16.16% upside from recent levels, while the highest Street target reaches $350, suggesting potential gains of up to 35.52%.
Apple, renowned for its ecosystem of consumer electronics, software, and services, is preparing to report fiscal first-quarter results later this week, with investors watching closely for updates on iPhone sales momentum, services revenue trends, and progress on AI-integrated features.
MacDailyNews Note: As usual, we’ll bring you Apple’s results as soon as they are released, right around 1:30 p.m. PT / 4:30 p.m. ET on Thursday, January 29, 2026 and then follow with live notes from Apple’s conference call at 2:00 p.m. PT / 5:00 p.m. ET.
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