10 High-Flying AI Stocks to Watch Today

5. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 166

Apple Inc. (NASDAQ:AAPL) is a technology company. One of the most notable analyst calls on Tuesday, March 18, was for Apple Inc. Evercore ISI reiterated the stock as “Outperform” and raised its price target on the stock to $275 per share from $260. According to the analysts, Apple is positioned to remain a ‘tech staple’ and obtain the benefits of the artificial intelligence boom. It also has the potential to boost gross margins through product mix, pricing strategies, as well as the impact of stock buybacks. The firm further said that Apple is poised to capitalize on artificial intelligence (AI) monetization without the need to invest heavily in graphics processing units (GPUs).

“AAPL remains positioned to sustain mid-single digit sales and low/mid-teens FCF & EPS growth over next several years with less volatility & high consistency.”