Jim Cramer Isn’t Impressed By Well Known Analyst’s Comments On Apple (AAPL)

We recently published Jim Cramer Revealed His Big AI Investing Fear & Discussed These 20 Stocks. Apple Inc. (NASDAQ:AAPL) is one of the stocks discussed by Jim Cramer.

Even though consumer electronics giant Apple Inc. (NASDAQ:AAPL) has lost its place as the world’s most valuable company to NVIDIA, it nevertheless remains one of Cramer’s top stocks. The shares are up by 39% over the past year and by 9% year-to-date. Evercore ISI discussed the firm on May 7th as it reiterated an Outperform rating and a $330 share price target. It discussed Apple Inc. (NASDAQ:AAPL)  in detail and outlined that despite having a robust supply chain, trends in AI had reduced its leverage. Another note came from Wedbush, which raised the share price target to $400 from $350 and discussed the firm’s AI services. As per Wedbush, Apple Inc. (NASDAQ:AAPL) will be able to monetize AI services and generate as much as $15 billion in incremental revenue. Cramer discussed the Wedbush coverage and didn’t find it interesting:

“He’s talking about how it’s finally going, when they have their big developers conference you’re going to see, here it is, the AI time has come, price target to 400. Now I didn’t think there was anything here that much other than the fact that he likes Ternus.”

Jim Cramer Isn't Impressed By Well Known Analyst's Comments On Apple (AAPL)

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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