As Apple Inc. (NASDAQ: AAPL) stock fell by more than 9% over the past five days after mixed earnings results, several Wall Street analysts have set varied targets for the next 12 months. 

On August 4, Amit Daryanani, an expert at Evercore ISI, reiterated a ‘Buy’ rating for Apple stock. Daryanani also reiterated the firm’s 12-month price target for AAPL at $365, thereby suggesting a potential 19.14% upside.

The analyst’s Apple stock target was driven by consumer demand front-running expected price hikes. Additionally, the firm expressed confidence in the company’s ability to offset memory cost through pricing power, as it forecasts higher revenue fueled by AI (Artificial Intelligence) monetization from its vast user…