5 Most Undervalued Blue Chip Stocks to Buy According to Hedge Funds

3. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Investors In Q2 2023: 135

Share Price Upside: 14%

Apple Inc. (NASDAQ:AAPL) is the largest technology company in the world. The firm is currently gearing up for its 2023 iPhone 15 launch, and the shares are rated Buy on average with an average share price target of $201.

During this year’s second quarter, 135 out of the 910 hedge funds part of Insider Monkey’s database had invested in Apple Inc. (NASDAQ:AAPL). Warren Buffett’s Berkshire Hathaway is the company’s largest investor among these, courtesy of an unbelievable stake of $177 billion which represents more than half of the firm’s investment portfolio.

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