Apple (AAPL)’s the Only One That Maintains High Consumer Product Satisfaction, Says Jim Cramer

We recently published 10 Stocks on Jim Cramer’s Radar.  Apple Inc. (NASDAQ:AAPL) is one of the stocks on Jim Cramer’s radar.

Cramer has remained an ardent defender of Apple Inc. (NASDAQ:AAPL) regardless of the share price performance. The CNBC TV host sticks to his mantra of ‘own it, don’t trade it’ when it comes to the stock. Recently, his optimism has also been met by Wall Street analysts. For instance, investment bank Morgan Stanley raised Apple Inc. (NASDAQ:AAPL)’s share price target to $315 from $305 on December 17th and kept an Overweight rating on the shares. Morgan Stanley explained that the reason behind the price target bump was an increased fiscal year 2027 earnings estimate to $9.83 from $9.55. It added that rising prices for memory chips could reduce Apple Inc. (NASDAQ:AAPL)’s margins. On the same day, Jefferies raised the price target to $283.36 from $246.99 and kept a Hold rating on the shares. As per Jefferies, when it comes to memory chip prices, the fact that Apple Inc. (NASDAQ:AAPL) charges premium prices can help it buffer against possible impacts to the gross margins. As Cramer praised FedEx for moving into the business-to-consumer segment, he added that Apple Inc. (NASDAQ:AAPL) was an example of a firm that had excelled in the consumer space:

Apple (AAPL)'s the Only One That Maintains High Consumer Product Satisfaction, Says Jim Cramer

“They’re the only one I’ve ever seen that does it [maintain high satisfaction], that’s because no one really seems to understand that Tim has built an amazing product. They don’t understand it.”

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.

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Disclosure: None. This article is originally published at Insider Monkey.