Apple (AAPL) Stock Gets $245 Price Target Ahead of Earnings - Here's Why

Apple Inc. (NASDAQ:AAPL) is one of the AI Stocks Making Waves on Wall Street. On July 23, Monness, Crespi, Hardt & Co. reiterated the stock as “Buy” with a $245 price target.

Monness said that Apple remains well-positioned ahead of earnings on July 31.

“In our view, Apple is innovating with industry-leading products supported by a powerful digital grid and embarking on a gen AI journey with Apple Intelligence; however, regulatory headwinds persist, the implications of this trade war are unclear, geopolitical risks continue, and the macro treacherous.”

A busy sidewalk filled with people using Apple devices like iPhones, iPads and Apple Watches.

Apple is a technology company known for its consumer electronics, software, and services.

While we acknowledge the potential of AAPL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 AI Stocks on Wall Street’s Radar and 10 AI Stocks in the Spotlight Right Now.  Disclosure: None.