5 NASDAQ Stocks with Biggest Upside

4. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 135

Apple Inc. (NASDAQ:AAPL) shares were under pressure as of September 6 after Wall Street Journal reported China has ordered its government agencies to stop using iPhones as part of its hostility against the US. However, Wall Street analysts believe Apple Inc. (NASDAQ:AAPL) selloff after this news is overdone.

Wedbush’s Dan Ives said in a note that Chinese government agencies account for less than 500,000 iPhones out of the roughly 45 million iPhones he expects to be sold in the country during the next one year.

Ives has an Outperform rating and a $230 price target on Apple Inc. (NASDAQ:AAPL).