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Apple Inc. (NASDAQ:AAPL) is one of the AI Stocks Analysts Are Watching Closely. One of the most notable analyst calls on August 18 was for Apple Inc. Bank of America reiterated the stock as “Buy” stating that it remains bullish on Apple Services.
“Services has been, and we expect will continue to be, the leading driver of y/y gross profit dollar growth. Reiterate Buy on stable cash flows, earnings resiliency and strong capital return program.”
Analysts on Wall Street currently have a consensus “Buy” rating on the stock. The average price target of $245 implies a 6.11% upside; however, the Street-high target of $275 implies an upside of 19.1%.
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 Analysts Are Watching Closely and 10 Trending AI Stocks in Focus This Week.
Disclosure: None.
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