Evercore ISI has raised its price target for Apple Inc. (AAPL) to $275 from $260, maintaining an 'Outperform' rating. The firm cites Apple's ability to sustain mid-single-digit sales growth and strong free cash flow generation as key drivers for this adjustment. Analysts predict a potential return of 29% based on the new price target. Despite the positive outlook, there are concerns regarding a 21% decline in Apple's sales in China during January. The updated target reflects confidence in Apple's commitment to returning 100% of free cash flow to shareholders and its potential for AI monetization.