Investment banking advisory firm Evercore ISI recently shared its top stock picks in the tech sector for 2025. In a note shared with clients last week, Evercore ISI’s analysts identified iPhone maker Apple as well as four other tech stocks worth investing in.
According to the note, despite Apple’s struggles to drum up sales of its new model, the iPhone 16, the company is still expected to see significant benefits from its Apple Artificial Intelligence offering and other AI services.
“While this may be disappointing for those hoping for a very strong iPhone 16 cycle, we think it is important to note that Apple’s AI strategy goes beyond simply selling more iPhones,” the note said.
The analysts placed a $250 price target for Apple stock, which closed at $225.00 per share on Friday.
Besides Apple, Evercore ISI analysts are also bullish on cloud network equipment company Arista Networks, electronic and fiber optic connectors producer Amphenol, International Business Machines (IBM), and data center infrastructure and services firm Vertiv.
Evercore ISI upped its price target on Arista Networks from $425 to $450, while the company’s shares closed at $374.15 per share on Friday. Amphenol’s stock closed at $70.51 compared to a price target of $80. IBM received a price target of $240 per share compared to a close price of $205, while Vertiv’s stock has a target of $150 versus Friday’s close price of $120.86.