Apple Inc. (NASDAQ:AAPL) is one of the AI Stocks Analysts Are Tracking Closely. On July 21, Morgan Stanley reiterated the stock as “Overweight,” noting that it’s sticking with Apple shares ahead of a solid quarter.
The firm believes that strong iPhone, iPad, Mac sales, and favorable FX will lead Apple toward a robust quarter, and that its guidance will likely align with expectations. However, for the sentiment to improve, clarity on tariffs, the Alphabet ruling, and AI strategy is still required.
Investors shouldn’t be hoping for any meaningful updates in terms of artificial intelligence in the quarter. The firm is of the view that investors don’t appreciate Apple’s AI efforts, particularly because it is in continuous comparison with Google, Meta, and Amazon’s work.
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“Our estimates are moving higher, but we still need key overhangs to dissipate before getting more structurally bullish.”
Apple is a technology company known for its consumer electronics, software, and services.
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READ NEXT: 10 AI Stocks Gaining Attention on Wall Street and 10 AI Stocks Investors Are Watching Closely.
Disclosure: None.
