Auto Draft

Apple Inc. (NASDAQ:AAPL) is one of the AI Stocks Making Waves on Wall StreetOn July 23, Monness, Crespi, Hardt & Co. reiterated the stock as “Buy” with a $245 price target.

Monness said that Apple remains well-positioned ahead of earnings on July 31.

“In our view, Apple is innovating with industry-leading products supported by a powerful digital grid and embarking on a gen AI journey with Apple Intelligence; however, regulatory headwinds persist, the implications of this trade war are unclear, geopolitical risks continue, and the macro treacherous.”

A busy sidewalk filled with people using Apple devices like iPhones, iPads and Apple Watches.

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 on Wall Street’s Radar and 10 AI Stocks in the Spotlight Right Now

Disclosure: None.