Evercore ISI has reaffirmed its bullish stance on Apple (AAPL), reiterating a Buy rating and a $250 price target for the tech giant. The firm cites "another good month" for Apple as the basis for its outlook.

However, Wall Street analysts are closely monitoring whether Apple's artificial intelligence (AI) initiatives, unveiled at its Worldwide Developers Conference (WWDC), will be enough to drive growth in upcoming quarters.

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This post was written by Angel Smith