Apple Inc. (NASDAQ:AAPL) is one of the AI Stocks Investors Are Watching Right Now. On August 13, Bank of America reiterated its bullish stance on Dell and Apple in a note to clients.
The firm cited early-stage artificial intelligence adoption and a pending PC refresh cycle as key drivers for the sector.
Particularly for Apple, it maintained a Buy rating, pointing to "resilient earnings, strong capital returns and optionality to monetize incremental avenues of growth."
Pixabay/Public Domain
Analysts on Wall Street have a consensus Buy rating on the stock. The average price target of $240 implies a 3.2% upside; however, the Street-high target of $275 implies an upside of 18.3%.
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.