Evercore Flags Mid-Year Apple Intelligence 2.0 Rollout, Maintains $330 Target
Evercore ISI warned that testing headwinds may push Apple Intelligence 2.0’s expected March rollout to mid-year and plans a fall overhaul of Siri with multi-phase AI feature releases throughout 2026. The firm reaffirmed an Outperform rating and maintained a $330 price target as Apple prioritizes privacy and integration ahead of its next-generation AI platform launch.
1. Testing Headwinds Prompt AI Rollout Delay
Apple’s advanced AI system, Apple Intelligence 2.0, faces headwinds during the testing phase that may delay its originally scheduled March debut until mid-year. Analysts expect a staggered release of new AI features across 2026 to ensure robust privacy safeguards and seamless integration.
2. Outperform Rating and $330 Price Target Maintained
Despite the potential delay, Evercore ISI reiterated its Outperform rating on Apple shares and upheld a $330 price target. The firm highlights Apple’s emphasis on data protection and integration quality as key factors supporting its constructive outlook.