Where is Apple Inc. (AAPL) Headed According to Wall Street?

Apple Inc. (NASDAQ:AAPL) is one of the most widely held stocks by hedge funds in 2025. On December 17, Jefferies analyst Edison Lee lifted the price target on Apple Inc. (NASDAQ:AAPL) to $283.36 from $246.99 while maintaining a Hold rating on the stock. The firm raised its Q1 and fiscal year 2026 iPhone unit estimates by 7% and 3%, respectively. It also included a foldable phone as of fiscal year 2027, adding that the company is considerably resilient to memory cost increases supported by its high average selling prices.

The same day, Morgan Stanley also raised the price target on Apple Inc. (NASDAQ:AAPL) to $315 from $305 while maintaining an Overweight rating. The firm told investors in a year-ahead note that it recommends being overweight on product-cycle beneficiaries, cloud capex winners like Apple Inc. (NASDAQ:AAPL), and underweight on stocks with higher memory exposure. It is “increasingly more cautious” on memory-exposed names as well.

In a separate development, Apple Inc. (NASDAQ:AAPL) announced changes to iOS in Japan to comply with the Mobile Software Competition Act (MSCA) on December 17, including new options for developers to process payments and distribute apps, along with new protections to manage privacy and securities created by the MSCA.

Apple Inc. (NASDAQ:AAPL) designs, manufactures, and sells smartphones, personal computers, wearables, accessories, and related products and services worldwide.

While we acknowledge the potential of AAPL to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AAPL and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.