Is Apple Inc. (AAPL) One of Louis Navellier’s Top Long-Term Stock Picks on Earning Growth Prospects?

Apple Inc. (NASDAQ:AAPL) is one of Louis Navellier’s top long-term stock picks. On May 14, Evercore ISI reiterated an Outperform rating on Apple Inc. (NASDAQ:AAPL) and raised the price target to $365 from $330.

Is Apple Inc. (AAPL) One of Louis Navellier’s Top Long-Term Stock Picks on Earning Growth Prospects?

The price target hike comes amid confidence in the company’s ability to compound earnings and free cash flow from a low to mid-teens pace. The research firm expects growth to come from modestly rising iPhone unit sales, driven by durable service growth and average selling price tailwinds.

The remarks come on the heels of the company delivering strong fiscal second-quarter 2026 results, characterized by record total revenue, iPhone revenue and earnings per share. Service revenue also reached an all-time high. Total revenue in the quarter totaled $111.2 billion, up 16.6% year over year, as diluted EPS increased 22% to $2.01, fuelled by exceptional demand for the iPhone 17 lineup.

Apple also generated over $28 billion in operating cash flow, allowing the board to approve a 4% increase in cash dividend to $0.27 a share.

Apple Inc. (NASDAQ:AAPL) is a technology company that designs, manufactures, and markets consumer electronics, software, and online services. Known for the iPhone, Mac, iPad, and Apple Watch, the company focuses on premium, integrated technology and generates revenue through hardware sales, digital content stores (App Store), streaming services, and AI initiatives.

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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