14 Best American Tech Stocks to Buy Now

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6. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 166

Apple Inc. (NASDAQ:AAPL) is an American multinational technology company that designs, manufactures, and markets consumer electronics, software, and services. The company is best known for its products like the iPhone, iPad, and Mac computers, as well as services such as the App Store, iCloud, and Apple Pay. Apple Inc. (NASDAQ:AAPL) ranks among the best American stocks to invest in.

On April 9, Jefferies upgraded Apple Inc. (NASDAQ:AAPL) from “Underperform” to “Hold” but lowered the price target to $167.88 from the previous $202.33. This adjustment reflects concerns about the potential impacts of a global recession on iPhone demand and the expected price increases for future iPhone models. The analyst noted that Apple Inc. (NASDAQ:AAPL) is expected to be exempted from US tariffs because of its commitment to invest $500 billion in the US over the next four years. The analyst believes that the company will make further investments in US manufacturing, possibly including iPhone production. Despite this, a growing risk of a global recession could have a negative impact on iPhone demand. Jefferies has lowered its iPhone shipment forecasts by 3.6%, 7.7%, and 5.5% for fiscal years 2025, 2026, and 2027 respectively, which leads to a reduction in projected revenue by 2%, 4.1%, and 3.5% for the same fiscal years. The firm anticipates that Apple Inc. (NASDAQ:AAPL) will raise iPhone prices by $50 in 2026 for the iPhone 18 and by $100 in 2027 for the iPhone 19. These increases in price are expected to be mainly driven by higher hardware costs. Following these revisions, Jefferies now estimates earnings per share (EPS) estimates for Apple Inc. (NASDAQ:AAPL) lower than market consensus by 2.5%, 8.5%, and 3.4% for fiscal years 2025, 2026, and 2027, respectively.

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