Apple (AAPL) Stock Outlook: Analysts See Upside With New iPhone 17 Launch

Apple Inc. (NASDAQ:AAPL) is one of the AI Stocks You Should Not Ignore. On September 15, JPMorgan reiterated the stock as “Overweight” stating that the demand for Apple’s iPhone 17 looks promising.

“In tracking delivery lead-times across key markets, including U.S., China, Germany and UK as an indicator of demand, while it is still very early days, lead-times for delivery are indicating that demand for all the new variants launched on Sep 9th is tracking modestly ahead of iPhone 16 Series during Week 1, with the higher demand particularly notable for Base version as well as Air.”

Analysts on Wall Street currently have a consensus “Buy” rating on the stock. The average price target of $245.00 implies a 3.5% upside; however, the Street-high target of $290 implies an upside of 22.5%.

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.

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