10 AI Stocks On Wall Street’s Radar

4. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 166

Apple Inc. (NASDAQ:AAPL) is a technology company. On March 13, KeyBanc analyst Brandon Nispel reiterated an Underweight rating on the stock with a $200.00 price target. The firm stated that their survey checks show spending “data overall appears negative as Apple is tracking below historical seasonality, and the y/y growth went from nicely positive to a sharp decline.”

They noted how demand for the iPhone 16e has been disappointing due to the higher price point, while “demand for the iPhone 16 Plus model remains the lowest as users who want a larger display usually opt for the Pro Max”. Meanwhile, “iPhone 16 Pro Max still seeing the highest relative demand, followed by the Pro, as customers seek camera upgrades.”

KeyBanc noted that growth is expected to remain sluggish in the future. They believe that iPhone 16 and Apple Intelligence have failed to drive meaningful changes.

“With 2025 iPhone growth expectations now 1% (down from 7% just two quarters ago), and with key catalysts around Apple (NASDAQ:AAPL) Intelligence Siri upgrades now delayed, we think bulls will lose confidence in any upgrade cycle hope.”