10 Best Major Stocks to Buy According to Hedge Funds

7. Apple Inc. (NASDAQ:AAPL)

No. of Hedge Fund Holders: 158

Apple Inc. (NASDAQ:AAPL) is a technology company that designs, manufactures, and sells smartphones, personal computers, tablets, wearables, and accessories and sells a variety of related services. The iPhone maker has recently launched its intelligence system, Apple Intelligence.

On February 11, Morgan Stanley analyst Erik Woodring reiterated a Buy rating on AAPL shares and set a price target of $275. Wooding’s buy rating on AAPL shares is mainly motivated by the company’s performance and future potential of its iPhone lineup. Apple Intelligence is reportedly getting attention among iPhone users in the U.S. as the demand surges. In addition to that, the company’s strong positioning in non-China emerging markets and the company’s growing presence in China will further reinforce iPhone demand projections.

“As a result, we’d conclude that while yes, Apple Intelligence did appear to provide a small tailwind to eligible iPhones in markets where available (the U.S.) during the holiday quarter, it was almost entirely due to U.S. consumers accelerating purchases of the discounted 1 year old iPhone 15 Pro/Pro Max.”

-Morgan Stanley

In addition to the company’s iPhone demand, Apple is also expanding its cloud business and planning to launch Apple TV+ on Android, expanding its streaming reach.