The Best and Worst Dow Stocks for the Next 12 Months

13. Apple Inc. (NASDAQ:AAPL)

Upside Potential: 19.8%

Market Cap: $3.07 trillion

Number of Hedge Fund Holders: 166

Apple Inc. (NASDAQ:AAPL) designs, manufactures, and markets innovative consumer products, including the iPhone, iPad, Mac computers, Apple Watch, and Apple TV. The company also offers a range of software and services, such as the iOS and macOS operating systems, iCloud, advertising, payment services, Apple Music, and the App Store.

Apple Inc. (NASDAQ:AAPL) stock has fallen around 18% this year (as of the close of April 23) due to headwinds from tariffs and the overall escalation of trade issues with China. Additionally, the company faced pressure following reports of delays in introducing key features to its Siri virtual assistant. A weaker-than-competition version of AI in its smartphone would typically hint at lower-than-expected sales, raising investor concerns.

While tariff issues have temporarily subsided after the 90-day pause and ongoing renegotiations with China, investors remain uncertain. Recently, research firm MoffettNathanson flagged risks of a sharp correction in Apple stock due to geopolitical issues, costs hit by tariffs, and growing recession risks.

However, an analyst from Goldman Sachs reiterated his confidence in the stock in a report published around April 23. The analyst believes the company should report better Q2 2025 results (FY ends in September), driven by new products and refresh cycles. He also noted that concerns about price hikes due to tariffs might also lead customers to buy earlier than usual. Additionally, increased competition among U.S. carriers and steady growth in Apple’s Services, like iCloud and App Store, will contribute to better earnings. He therefore reaffirmed his Buy rating with a price target of $256 (down from $259 earlier).