Daiwa Sticks With Apple (AAPL), Citing AI as Key to Multi-Year Growth

Apple Inc. (NASDAQ:AAPL) is one of the High Flying AI Stocks This Week. One of the biggest analyst calls on Wednesday, August 6, was for Apple. Daiwa reiterated the stock as “Outperform” and lowered its price target on the stock to $230 per share from $240 but says it’s standing by Apple.

 “We see AI as being the key to future growth and are waiting for more Apple Intelligence features which will create excitement in users. Eventually, we see a multi-year phone and PC upgrade cycle and the shares as a core holding.”

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: Top 15 AI Stocks Taking Wall Street by Storm and 15 Hot AI Stocks on Wall Street’s Radar.

Disclosure: None.