Evercore lifts Apple price target

Evercore ISI raised its Apple price target to $365 from $330 on May 14 and kept its Outperform rating, according to MarketScreener. The move added another bullish call to a stretch of upward revisions in Apple coverage after the company reported stronger-than-expected fiscal second-quarter results on April 30. Apple said revenue for the quarter ended March 28 rose 17% to $111.2 billion, while diluted earnings per share increased 22% to $2.01. The new Evercore target appeared in analyst-recommendation listings tracked by MarketScreener, which showed the firm lifting its forecast one day after Daiwa Securities raised its own Apple target to $325. The same MarketScreener page showed Tigress Financial increasing its Apple target to $375 on May 14 and Wedbush raising its target to $400 on May 8. (marketscreener.com) ### Where did the Evercore call show up? MarketScreener listed the change as “Evercore ISI Adjusts Price Target on Apple to $365 From $330, Maintains Outperform Rating” on May 14. The preliminary details circulating online also attributed the note to Evercore analyst Amit Daryanani and said it included a $500 bull-case scenario, though the full research note was not publicly available. (marketscreener.com) Amit Daryanani is listed by TipRanks as an Evercore ISI analyst who covers technology stocks, including Apple. Because Evercore’s full note was not accessible on its own site, the public confirmation available was limited to aggregator listings and secondary references to the target change. ### What had Apple just reported? Apple on April 30 reported fiscal second-quarter revenue of $111.2 billion and said that was up 17% from a year earlier. (marketscreener.com) The company also said services revenue reached a new all-time high and that the March quarter set records for total company revenue, iPhone revenue and earnings per share. The same earnings release said Apple’s board authorized an additional $100 billion share repurchase program. (tipranks.com) Apple also said it was increasing its cash dividend by 4% to $0.27 per share. ### How does the $365 target compare with other Wall Street calls? MarketScreener’s Apple recommendations page showed Evercore’s $365 target near the upper end of recent published revisions but below Wedbush’s $400 target and Tigress Financial’s $375 target. (apple.com) The page also showed Morgan Stanley at $330, BofA Securities at $330 and UBS at $296 after Apple’s April results. Those revisions followed Apple’s April 30 earnings release and management’s June-quarter outlook. Yahoo Finance’s transcript summary said Apple guided for 14% to 17% revenue growth in the June quarter, while also flagging supply constraints, especially for Mac. ### What does the $500 bull case tell investors? The $500 figure, as described in references to the Evercore note, was a bull-case scenario rather than the firm’s base-case target. (marketscreener.com) In analyst practice, a bull case usually sketches the upside outcome under more favorable assumptions than the main rating target, but Evercore’s detailed assumptions were not publicly available in the sources reviewed. (finance.yahoo.com) The public record that can be verified shows the main action: Evercore raised its target by $35 to $365 and kept its Outperform rating. The rest of the market’s published revisions show other firms also moving targets higher after Apple’s latest quarter. ### What comes next for Apple? Apple said on April 30 that it would stream its fiscal second-quarter earnings call on its investor site, and investor-relations materials now list those results for the quarter ended March 28, 2026. (marketscreener.com) Third-quarter results are not yet posted on Apple’s investor page, but market-tracking services estimate Apple’s next earnings report for July 30, 2026, after the market close. By that report date, investors will have a clearer read on whether the revenue growth Apple forecast for the June quarter materialized and whether firms such as Evercore keep lifting their targets. (finance.yahoo.com) (nasdaq.com)