5 Reddit Stocks with Biggest Upside

4. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 135

Apple Inc. (NASDAQ:AAPL) shares were not having a good time lately amid a Chinese ban on iPhones in government offices and a broader sentiment that the company’s new product event would be quieter and won’t create much buzz. The company has revealed the latest iPhone and only time would show the consumer response. Some analysts have also voiced concerns that Apple is a laggard in the AI race. But Apple Inc. (NASDAQ:AAPL) could be a great long-term stock pick and perhaps that’s why Redditors are excited about the stock.

Morgan Stanley analyst Erik Woodring, who has a $215 price target on Apple Inc. (NASDAQ:AAPL), recently said that he’s hopeful about the core iPhone product line of Apple.

“Despite concerns of a muted iPhone 15 cycle, we have conviction iPhone revs will grow [year-over-year in fiscal 2024] given a growing installed base, easy [year-over-year] comps, pent-up demand and positive mix shift driving ASP growth,” Woodring wrote in an investor note.