Apple shares rise 53% over the past year as Melius and Evercore ISI raise price targets ahead of WWDC 2024.
Apple Inc. (NASDAQ:AAPL) remains a top holding in billionaire Ken Fisher’s portfolio, with shares up 53% over the past year and 14% year-to-date. Analysts have recently increased price targets, citing strong consumer demand and AI monetization potential.
Melius Research raised its target to $385 from $355, while Evercore ISI lifted its target to $365 from $330, maintaining an Outperform rating. Both firms highlighted Apple’s integrated hardware-software model and pricing power as key drivers.
The stock was also noted in Impax US Sustainable Economy Fund’s Q1 2025 investor letter for its sustainability positioning, though the focus remains on its market performance and analyst upgrades.