Wall Street Remains Bullish on Apple (AAPL) Amid AI Upside and Resilient Earnings

Apple Inc. (NASDAQ:AAPL) is one of the AI Stocks Investors Are Watching Right Now. On August 13, Bank of America reiterated its bullish stance on Dell and Apple in a note to clients.

The firm cited early-stage artificial intelligence adoption and a pending PC refresh cycle as key drivers for the sector.

Particularly for Apple, it maintained a Buy rating, pointing to “resilient earnings, strong capital returns and optionality to monetize incremental avenues of growth.”

Wall Street Remains Bullish on Apple (AAPL) Amid AI Upside and Resilient Earnings

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Analysts on Wall Street have a consensus Buy rating on the stock. The average price target of $240 implies a 3.2% upside; however, the Street-high target of $275 implies an upside of 18.3%.

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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