Apple (AAPL) Analysts Stay Positive Ahead of Earnings, But AI Clarity Still Needed

Apple Inc. (NASDAQ:AAPL) is one of the AI Stocks Analysts Are Tracking Closely. On July 21, Morgan Stanley reiterated the stock as “Overweight,” noting that it’s sticking with Apple shares ahead of a solid quarter.

The firm believes that strong iPhone, iPad, Mac sales, and favorable FX will lead Apple toward a robust quarter, and that its guidance will likely align with expectations. However, for the sentiment to improve, clarity on tariffs, the Alphabet ruling, and AI strategy is still required.

Investors shouldn’t be hoping for any meaningful updates in terms of artificial intelligence in the quarter. The firm is of the view that investors don’t appreciate Apple’s AI efforts, particularly because it is in continuous comparison with Google, Meta, and Amazon’s work.

Apple (AAPL) Analysts Stay Positive Ahead of Earnings, But AI Clarity Still Needed

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“Our estimates are moving higher, but we still need key overhangs to dissipate before getting more structurally bullish.”

Apple is a technology company known for its consumer electronics, software, and services.

While we acknowledge the risk and potential of AAPL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AAPL and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 AI Stocks Gaining Attention on Wall Street and 10 AI Stocks Investors Are Watching Closely.

Disclosure: None.