Apple Inc. (NASDAQ:AAPL) is one of the AI stocks in focus on Wall Street. On January 27, Evercore ISI reiterated the stock as “Outperform”. The company noted it is bullish ahead of earnings later this week.

According to the firm, recent channel revisions point to a potential near-term upside compared to current Street estimates. This is supported by robust iPhone demand. Also, memory component costs, which have been an industry-wide concern, are expected to pose minimal headwinds for the stock.

“We remain bullish on AAPL stock heading into December quarter earnings this Thursday, as our checks suggest a short-term upside to Street estimates, driven by strong iPhone demand and minimal memory cost (throughout the quarter).”

Wall Street analysts have a consensus rating of “Buy” on the stock. Average price target of $300 implies upside of 16.16%; however, the Street-high target of $350 implies a 35.52% upside.

Apple is a technology company known for its consumer electronics products, software and services.

While we recognize AAPL’s potential as an investment, we believe certain AI stocks offer greater upside potential and less downside risk. If you’re looking for an extremely undervalued AI stock that will also benefit significantly from Trump-era tariffs and the onshoring trend, check out our free report on the best short term AI stock.

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