• Evercore ISI reiterates an "Outperform" rating for Apple Inc. (NASDAQ:AAPL), suggesting the stock is expected to outperform the market.
• BofA Securities sets a "Buy" rating with a price target of $256, highlighting Apple's growth drivers like the iPhone cycle and App Store dynamics.
• Apple's stock price reflects a 1.28% increase, with a market capitalization of approximately $3.67 trillion, indicating strong investor interest and market value.

Apple Inc. (NASDAQ:AAPL) is a leading technology company known for its innovative products like the iPhone, iPad, and Mac computers. It also offers services such as the App Store and Apple Music. Apple competes with other tech giants like Samsung and Google in the consumer electronics and software markets.

On December 3, 2024, Evercore ISI reiterated its "Outperform" rating for Apple, with the stock priced at $234.67. This rating suggests that the stock is expected to perform better than the overall market. The action associated with this rating is "hold," indicating that investors should maintain their current positions in the stock.

BofA Securities analyst Wamsi Mohan also maintains a positive outlook on Apple, with a "Buy" rating and a price target of $256. Mohan points to Apple's multi-year iPhone cycle and App Store dynamics as key growth drivers. The analyst highlights strong service expansion and favorable gross margin trends as factors supporting this outlook, as highlighted by Benzinga.

Currently, Apple's stock is priced at $242.65, reflecting a 1.28% increase from the previous price. The stock has fluctuated between $238.90 and $242.76 today, with the latter marking its highest price over the past year. The lowest price in the past year was $164.08, showcasing significant growth.

Apple's market capitalization stands at approximately $3.67 trillion, underscoring its position as one of the most valuable companies globally. The trading volume for the day is 37.74 million shares on the NASDAQ exchange, indicating strong investor interest in the stock.