Apple (AAPL) Stock Outlook: Analysts See Upside With New iPhone 17 Launch

Apple Inc. (NASDAQ:AAPL) is one of the AI Stocks You Should Not Ignore. On September 15, JPMorgan reiterated the stock as “Overweight” stating that the demand for Apple’s iPhone 17 looks promising.

“In tracking delivery lead-times across key markets, including U.S., China, Germany and UK as an indicator of demand, while it is still very early days, lead-times for delivery are indicating that demand for all the new variants launched on Sep 9th is tracking modestly ahead of iPhone 16 Series during Week 1, with the higher demand particularly notable for Base version as well as Air.”

Analysts on Wall Street currently have a consensus “Buy” rating on the stock. The average price target of $245.00 implies a 3.5% upside; however, the Street-high target of $290 implies an upside of 22.5%.

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 Making Headlines This Week and 10 Trending AI Stocks on Wall Street.

Disclosure: None.