7 Stocks That Could 10X in the Next 3 Years

5. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 156

Apple Inc. (NASDAQ:AAPL) is among the Stocks That Could 10X in the Next 3 Years. On September 10, J.P. Morgan analyst Samik Chatterjee maintained a Buy rating on Apple Inc. (NASDAQ:AAPL) without disclosing any price target. The rating comes after the company announced its iPhone 17 series.

The analyst noted that his bullish sentiment is based on the strong demand signals for the new iPhone 17 series. He highlighted that the initial delivery lead times for the new series are longer than the previous one, indicating higher consumer interest. Moreover, this improved consumer sentiment is seen across all key regions, including the US, Europe, and China.

In addition, the base model of the iPhone 17 is gaining traction faster than the company’s internal expectations, pointing towards a solid sales momentum during the launch cycle.

Moreover, on September 10, BofA analyst Wamsi Mohan raised the price target on Apple Inc. (NASDAQ:AAPL) from $260 to $270, while reiterating a Buy rating. He also based his bullish sentiment on what Chatterjee pointed out. Wamsi Mohan notes that he tracked the company’s website and other various carrier sites and found that ship dates for the iPhone 17 Pro and Pro Max are longer than last year’s models at the same stage of pre-orders. He added that the current ship dates for the iPhone 17 are the longest since the iPhone 11 launch, suggesting strong demand for the new iPhones.

Apple Inc. (NASDAQ:AAPL) designs and sells smartphones, personal computers, tablets, wearables, and accessories.