Evercore ISI reiterated its 'Outperform' rating on Apple stock (AAPL). The firm cited stabilized growth within the App Store as the primary driver, noting that the positive outlook reflects underlying strength in the company's services division.
The rating arrives amid widespread speculation regarding Apple’s 2026 product roadmap. Reports suggest the potential launch of a redesigned, AI-powered Siri and new MacBook models. Uncertainty also surrounds the timing and features of the next iPhone release.
Despite the services strength, analysts continue to discuss the high valuation of AAPL stock. Furthermore, the performance of the Vision Pro headset remains a concern, with some reports indicating production cuts due to weak sales.