15 Best Big Name Stocks to Buy

9. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 169

Apple Inc. (NASDAQ:AAPL) is among the 15 Best Big Name Stocks to Buy. On April 21, Rosenblatt analyst Barton Crockett maintained a cautious outlook on the stock with a Neutral rating and a price target of $268. This is a reaffirmation of the firm’s earlier March update.

On the same day, Wedbush reiterated its Outperform rating on the stock with a price target of $350. The update followed news about the company’s leadership changes earlier in the week.

On Monday, the iPhone maker announced that Tim Cook was stepping down from his role as CEO to become Executive Chairman, with John Ternus becoming the new chief executive.

According to TipRanks, Wedbush’s Daniel Ives said that he expects investors to have mixed reactions to the abrupt leadership change just ahead of the WWDC event, raising questions about the company’s strategy. Moreover, the analyst noted the transition has come at a time when Apple Inc. (NASDAQ:AAPL) is making significant inroads into AI.

As of the close of business on April 24, the tech giant is rated a Moderate Buy, with an average share price upside potential of 11% based on recommendations from 27 analysts.

Apple Inc. (NASDAQ:AAPL) is known for its consumer electronics, software, and other related products. Its premium product line, which includes the iPhone, iPad, Mac computers, and a range of accessories, has earned the company widespread acclaim and customer loyalty.