Baird Raises Apple (AAPL) PT Ahead of Earnings; Analysts Cite Upgrade Tailwinds

Apple Inc. (NASDAQ:AAPL) is one of the AI Stocks Analysts are Tracking Closely. On October 28, Baird reiterated the stock as “Outperform” and raised its price target to $280 per share from $230. The firm said it’s bullish ahead of Apple earnings on Thursday.

The firm has updated its model, citing tailwinds from its upgrade cycle.

“Expect solid FQ4 results/guidance. It’s still early in the iPhone 17 cycle, but early indicators appear to be directionally supportive, including solid upgrade rates posted by AT & T/T-Mobile last week. However, the bigger focus is likely to be the December-quarter outlook, and we’d note that current estimates look potentially conservative based on historical sequential seasonality”

Stock market data on a laptop screen. Photo by Alesia Kozik on Pexels

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.

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