10 AI Stocks Making Waves on Wall Street

5. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 158

Apple Inc. (NASDAQ:AAPL) is a technology company. One of the biggest analyst calls on Friday, February 14, was for Apple Inc. Goldman Sachs reiterated the stock as “Buy”, stating that it is optimistic about the company’s several upcoming product releases. On February 13, CEO Tim Cook revealed on social media site X that Apple will be launching a new product next week. Goldman Sachs said it may be a 4th-generation iPhone SE supportive of its artificial intelligence system, Apple Intelligence. On the same day, it was confirmed that Apple will be integrating Alibaba’s AI into its iPhone in China.

“While investor sentiment on AAPL remains negative given skepticism around Apple Intelligence, competition in China and the smartphone upgrade cycle, we are encouraged the by upcoming rumored product releases (i.e. iPhone SE 4th gen and updated MacBook Airs) which should help sustain demand amidst smartphone and PC refresh cycles, as well as AAPL’s efforts to address China smartphone competition with a more accessible price point ($499 rumored price) and AI features”.

Analysts on Wall Street currently have a consensus “Buy” rating on the stock. The average price target of $254 implies a 4% upside and the Street-high target of $325 implies an upside of 33%.