12 AI Stocks Making Waves Today

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4. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 166

Apple Inc. (NASDAQ:AAPL) is a technology company. On April 29, Raymond James reiterated the stock as “Outperform” and lowered its price target to $230 from $250. The firm said it’s sticking with Apple ahead of earnings on May 1.

“We reiterate our Outperform rating ahead of F2Q earnings but are lowering FY25/26 EPS and our price target from $250 to $230 on tariff-related headwinds.”

Due to the current macroeconomic challenges, the firm sees Apple potentially raising prices in the US market, which will likely reduce the demand for its products. However, the firm believes any declines are an opportunity to invest given Apple’s robust ecosystem, consistent growth in the Services sector, and the potential of its on-device AI technology.

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