Evercore分析师Amit Daryanani在报告中写道：“看空的投资者仍然关注中国智能手机市场，但我们认为这一风险被夸大了，可以通过发展中市场的增长以及美国强劲的升级周期来抵消。我们的调查显示，美国市场的升级需求强劲，部分原因是受到人工智能(AI)的推动。”On Monday, Apple's stock price rose over 1%, to $231.3.
$Apple (AAPL.US)$ The stock has cooled down in recent weeks, after the company's stock price rose and once approached the historical closing high set last month. However, Evercore analysts believe that the market's pessimism towards Apple is overly exaggerated.
Ahead of Apple's announcement of its September quarter financial report at the end of this month, Evercore advises investors to prepare for a stock rebound, believing that Apple is capable of surpassing lower market expectations and has given it a rating of 'tactically outperform the large cap' for its stocks.
In the report, Evercore analyst Amit Daryanani wrote, "Bearish investors are still focused on the Chinese smart phone market, but we believe this risk is exaggerated and can be offset by growth in developing markets and strong upgrade cycles in the USA. Our research shows strong upgrade demand in the USA, partly driven by Artificial Intelligence (AI)."
Daryanani rates Apple stock as 'outperform large cap' with a target price of $250. On Monday, Apple's stock price rose over 1% to $231.3, while the S&P 500 index rose by 0.5%.
Daryanani is not the only analyst optimistic about Apple. JPMorgan analyst Samik Chatterjee wrote in a research report that based on the company's tracking data on Apple product supply, delivery times for the more expensive Pro Max model have decreased, showing a lesser reduction compared to previous iPhone cycles, "This increasingly proves our view that the early softness is just a temporary phenomenon."
Since Apple introduced its 'Apple Intelligence' AI in June this year, Apple's stock has sparked increasing controversies on Wall Street. The company's stock price has surged significantly over the following months, with hopes for a new major upgrade cycle boosting prices. However, analysts also have concerns about whether AI can truly drive demand growth significantly and when this may be achieved.
However, this has not made Evercore's analysts worried; they are more concerned about the long-term potential of this technology. Daryanani wrote: "The phased introduction of artificial intelligence should extend the iPhone's upgrade cycle, as the release of new features and coverage of more markets will drive strong growth in word-of-mouth marketing."
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