Most Analysts Are Chasing Reminiscence Shares, However This 1 Wall Avenue Knowledgeable Thinks You Ought to Purchase Apple As an alternative

Reminiscence-makers have been hovering prior to now few months as a result of chip scarcity. Producers will not be capable of meet the demand for NAND and DRAM, and AI firms are turning determined. They’re securing no matter provide they’ll, and reminiscence firms are closing down their shopper arm to fulfill the enterprise demand.

Amid all this disarray, nevertheless, lies Apple (AAPL) inventory. Buyers have chosen to purchase red-hot reminiscence shares as an alternative of selecting to purchase a “regular Eddie” like AAPL inventory, however that will precisely be why it is value shopping for proper now. In fact, that is if you happen to consider this one Wall Avenue professional.

Evercore ISI analysts, led by Amit Daryanani, are wanting the opposite approach. The agency acknowledges that the reminiscence crunch squeezes {hardware} authentic tools producers (OEMs), however it factors out that Apple stands aside from that narrative. Evercore’s investor conversations over the previous week reveal that the market is broadly optimistic on reminiscence suppliers however cautious on OEMs broadly, and but Apple is seeing a quiet discount in bearish sentiment.

Evercore now holds an “Outperform” score and a $330 worth goal on shares, and it has saved Apple as considered one of its high picks for all of calendar 12 months 2026. What Evercore likes is the mix of a derisked capital expenditure story, a constructing iPhone 17 cycle, and anticipated development stretching into 2027. Evercore additionally expects Apple Intelligence options to roll out in phases this 12 months, with upgraded Siri performance arriving mid-year and a extra full overhaul this fall.

Apple’s fundamentals give that thesis some actual footing. The corporate simply posted fiscal first-quarter 2026 income of $143.8 billion and EPS of $2.84, each forward of Avenue estimates. iPhone income grew 23% year-over-year (YOY) and, notably, reminiscence headwinds barely dented gross margins within the quarter. Administration guided for March quarter income development of 13% to 16% YOY, effectively above the Avenue’s projection of roughly 10%.

Daryanani is just not the one analyst who desires you to purchase Apple, both. AAPL inventory is a consensus “Average Purchase” if you happen to common all of the rankings.