UBS Maintains Neutral View as Apple (AAPL) App Store Trends Stay Solid

Apple Inc. (NASDAQ:AAPL) is one of the 10 AI Stocks to Keep on Your Radar. On February 4, UBS reiterated the stock as “Neutral” stating that its checks show Apple App Store checks show revenues continue to grow.

On a reported basis, global App Store revenue grew ~7%, roughly in-line with the ~6% growth in November and December.

Similarly, data on developer revenue from SensorTower shows that Apple’s (AAPL) App store revenue increased to $3.4B, or 6.3% year-over-year, after 35 days in fiscal Q2, as reported by BofA analyst Wamsi Mohan.

Mohan noted that for January, App store revenue increased 7.0% year-over-year globally, outperforming app store download growth of 3.6%. The firm holds a “Buy” rating on the stock with a $325 price target.

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