5 Best Autonomous Vehicle Stocks To Invest In

2. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 140

Apple Inc. (NASDAQ:AAPL) is a global technology company that creates, manufactures, and sells smartphones, personal computers, tablets, wearable devices, accessories, and associated services. Apple Inc. (NASDAQ:AAPL)’s Project Titan is focused on building fully autonomous vehicles.

On December 12, 2022, Martin Yang, an analyst at Oppenheimer, reduced his price target on Apple Inc. (NASDAQ:AAPL) to $170 while keeping an Outperform rating on the stock. The reduced outlook is due to the loss of iPhone demand in the second quarter of 2023 due to supply chain problems. However, the analyst believes that China’s zero-COVID policy will help accelerate iPhone capacity recovery in Zhengzhou.

As per Insider Monkey’s proprietary database, 140 hedge funds were bullish on Apple Inc. (NASDAQ:AAPL), as of the end of the third quarter. Berkshire Hathaway was the biggest stakeholder in the company’s stock at the end of Q3 2022.