Wall Street Stays Bullish on Apple (AAPL) Amid AI Opportunities and Steady Earnings
Apple Inc. (NASDAQ: AAPL) continues to attract attention as one of the AI stocks investors are monitoring closely. On August 13, Bank of America reaffirmed its positive outlook on both Dell and Apple, highlighting early-stage artificial intelligence adoption and an anticipated PC refresh cycle as key sector drivers.
For Apple, the investment bank maintained its Buy rating, emphasizing the company’s resilient earnings, strong capital returns, and the potential to unlock new growth avenues.
Wall Street Consensus and Price Targets
Analysts hold a consensus Buy rating on Apple shares. The average price target stands at $240, reflecting a modest upside of 3.2%. However, the highest price target on the Street reaches $275, indicating an 18.3% potential gain.
Apple is widely recognized for its consumer electronics, software, and services, and its exposure to AI adds another dimension to its growth prospects.
Considering Other AI Investment Opportunities
While Apple remains a solid AI-related investment, some AI stocks may offer greater upside potential with lower downside risk. Investors seeking undervalued AI plays that could benefit from current geopolitical trends, such as Trump-era tariffs and the onshoring movement, might consider alternative options.
For insights on promising short-term AI investments, check out this free report that highlights undervalued AI stocks positioned for significant growth.
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