Evercore ISI reiterates Intuit stock rating on tax strategy shift

Evercore ISI has raised Apple Inc.'s (NASDAQ:AAPL) stock price target to $380 from an undisclosed prior level, maintaining an Outperform rating on the stock. The firm's annual survey of nearly 4,000 consumers suggests strong demand for the iPhone 18 Pro and Pro Max models, with 53% of respondents planning to buy these devices, up from 51% last year.

The iPhone Duo, which will launch in mid-October, is expected to see increased demand in the fourth quarter. Despite the positive outlook, the stock appears overvalued according to Investing.com's analysis.

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