$AAPL - APPLE BULL CASE: $500? Evercore ISI raised its price target on AAPL to $365 from $330, while keeping an Outperform rating and setting a bull case target of $500. Analyst Amit Daryanani said investors are too focused on short-term iPhone and AI concerns, while underestimating Apple’s long-term strengths: High-margin Services growth Premium iPhone demand, including a potential foldable launch Strong execution amid supply chain disruption Aggressive capital returns Major upside from AI monetization Evercore believes Apple can deliver low-to-mid teens EPS and free cash flow growth even with modest iPhone unit growth, driven by higher pricing, Services expansion, and future AI opportunities through Apple Intelligence.