Tigress Financial Raises PT on Apple from $300 to $305, Keeps Buy Rating on the Stock

Apple Inc. (NASDAQ:AAPL) is one of the 10 Best AI Stocks to Buy According to Goldman Sachs. On September 17, Tigress Financial raised the price target on Apple Inc. (NASDAQ:AAPL) from $300 to $305, keeping its Buy rating on the stock.

Ivan Feinseth from Tigress Financial upgraded the price target following the company’s recent launch event and the expansion of its ecosystem. Feinseth pointed to Apple’s inclusion of new products this year and its services growth.

JP Morgan analyst Samik Chatterjee also reiterates a Buy rating on AAP, however, without a price target. Chatterjee mentioned that Apple’s lead time following its initial iPhone 17 pre-orders on September 12, on average, has increased by four days across the lineup. This is driven by 7 days of expansion for iPhone 17, three days for Air, five days for 17 Pro, and two days for 17 Pro Max.

Apple’s lead times are tracking higher compared to the iPhone 16 cycle, as per Chatterjee. The analyst expects the base model, iPhone 17, to be the key force driving the highest upside surprise. As of September 23, Apple Inc.’s (NASDAQ:AAPL) average price target of $247.50, based on analysts’ estimates, implies a downside of almost 3.35% from current levels. Whereas, Tigress Financial’s price target of $305 indicates an upside of nearly 19.20% from current levels.

Apple Inc. (NASDAQ:AAPL) designs, manufactures, and sells smartphones, personal computers, and other electronic wearables and accessories. The company is investing heavily in AI infrastructure and personnel. Apple has introduced ‘Apple Intelligence’ to provide AI features across its lineup.

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