Ghazal Ahmed
1 min read
In This Article:
Apple Inc. (NASDAQ:AAPL) is one of the 10 AI Stocks Investors are Watching. On June 26, JPMorgan analyst Samik Chatterjee lowered the price target on the stock to $230.00 (from $240.00) while maintaining an “Overweight” rating. The firm has expressed its concerns regarding iPhone demand in the latter half of the year.
The investment bank anticipates a moderation in iPhone demand, considering the recent pull-forward from consumers. Consumers had purchased devices ahead of the expected tariff-led price increases and to take advantage of the smartphone subsidies in China. The firm anticipates that these shifting buying patterns and the uncertain macroeconomic environment will impact the sales of the upcoming iPhone 17 series.
An Apple store displaying the latest in consumer electronics, from smartphones to wearables.
It also asserted that the iPhone 18 series will lead to a stronger cycle with the anticipated launch of a foldable smartphone along with further progress on AI features that have been “long awaited and delayed relative to initial investor expectations.”
Apple is a technology company known for its consumer electronics, particularly the iPhones and MacBooks.
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.
READ NEXT: 10 AI Stocks in the Spotlight and 10 AI Stocks Investors are Watching.
Disclosure: None.
