Daiwa Sticks With Apple (AAPL), Citing AI as Key to Multi-Year Growth

Apple Inc. (NASDAQ:AAPL) is one of the High Flying AI Stocks This Week. One of the biggest analyst calls on Wednesday, August 6, was for Apple. Daiwa reiterated the stock as “Outperform” and lowered its price target on the stock to $230 per share from $240 but says it’s standing by Apple.

 “We see AI as being the key to future growth and are waiting for more Apple Intelligence features which will create excitement in users. Eventually, we see a multi-year phone and PC upgrade cycle and the shares as a core holding.”

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: Top 15 AI Stocks Taking Wall Street by Storm and 15 Hot AI Stocks on Wall Street’s Radar.

Disclosure: None.