Analyst Sees Apple as 'Eventual Winner on AI at the Edge,' Keeps $270 Target

Apple Inc. (NASDAQ:AAPL) is one of the AI Stocks Analysts Are Watching Closely. On October 15, BofA Securities maintained its Buy rating and $270.00 price target on the stock.

The firm noted that iPhone shipping dates across Apple’s website and various carrier platforms over the past two weeks demonstrate stable delivery timeframes for iPhone 17 Pro and Pro Max models.

The firm cited “strong capital returns, eventual winner on AI at the edge and optionality from new products/markets” as key factors behind the buy rating.

“Our tracking of iPhone ship dates on Apple’s own website, and various carrier websites, indicates that as of Oct 13th, ship times for the iPhone 17 Pro and Pro Max models have been stable in the past two weeks. Globally, on average, ship time for the iPhone 17 Pro is currently at 13 days while iPhone 17 Pro Max stands at 20 days. In the US, availability at carrier websites is better than Apple’s own website. On Apple’s website, Pro has a lead time of 2–3 weeks (vs carrier average of 6 days) and Pro Max has a lead time of 2–3 weeks (vs carrier average of 13 days). Reiterate Buy on strong capital returns, eventual winner on AI at the edge and optionality from new products/markets.”

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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