Apple Inc. ($AAPL) experienced a notable decline of 4% on January 16, marking its worst day since the Tokyo Black Monday last August. The stock is currently down 12% from its all-time high. However, it has shown signs of recovery this morning. In response to the recent downturn, Evercore ISI has added Apple to its Tactical Outperform list, setting a price target of $250. Analysts suggest that Apple is well-positioned to deliver an in-line quarter, driven by growth in emerging markets and strength in its Services and Wearables segments. Despite the positive outlook from Evercore, some analysts express caution, highlighting concerns over potential challenges in the upcoming earnings report, particularly regarding issues in China. As of January 17, Apple’s stock is trading near fresh 2.5-year lows relative to Tesla ($TSLA), indicating ongoing struggles in the market.