Morgan Stanley and JPMorgan Bullish on Apple Inc. (AAPL) on Strong iPhone 17 Demand

Apple Inc. (NASDAQ:AAPL) is one of the champion Nancy Pelosi stocks to bargain successful 2026. On January 26, JPMorgan raised its terms people of Apple Inc. (NASDAQ:AAPL) to $315 from $305 portion maintaining an Overweight rating.

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According to the concern bank, Apple banal has underperformed the S&P 500 implicit the past 2 months. The underperformance has travel amid affirmative indicators, including robust iPhone 17 demand, which affirms the request for a terms people hike. The concern slope expects the company’s iPhone gross to transcend expectations, fixed the 16% maturation rate.

JPMorgan has besides downplayed concerns astir imaginable borderline pressures owed to higher representation costs. That’s due to the fact that Apple boasts of semipermanent supplier contracts and standard advantages.

Similarly, Morgan Stanley has reiterated an Overweight standing connected Apple banal and acceptable a $315 terms target. The concern slope expects the banal to commercialized sideways adjacent arsenic it insists iPhone 17 spot remains underappreciated. The institution could look downside hazard to June 4th EPS estimates owing to soaring representation costs headwinds that aren’t incorporated into statement projections.

Apple Inc. (NASDAQ:AAPL) designs, manufactures, and markets smartphones, idiosyncratic computers, and wearables. It besides develops proprietary bundle for iOS and macOS, and provides services specified arsenic the App Store, iCloud, Apple Music, and Apple Pay.

While we admit the imaginable of AAPL arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.