9 Stocks That Could 10X Over the Next 2 Years

4. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 166

The tech giant Apple Inc. (NASDAQ:AAPL) leads the world in innovation with its iPhone, iPad, Mac, and wearables, including smartwatches, wireless headphones, and spatial computers. Recently, the company lost its position as the world’s most valuable public company amid U.S.-China trade tensions.

While the aforementioned tensions are ongoing, Evercore believes in the company’s resilience against targeted tariffs. Evercore has kept its Outperform rating on the stock with a price target of $250. The diversified production footprint of Apple Inc. (NASDAQ:AAPL) was seen as a buffer against targeted tariffs, according to the analysts led by Amit Daryanani, with the tech giant steadily expanding production into Vietnam and India. Although the firm largely depends on China for manufacturing, Evercore estimates that nearly 35% of US iPad and iPhone demand could now be met from India, and the remaining demand could still be supported by Chinese facilities. In the case of wearables and Macs, almost half the volume could be supported from Vietnam. Regardless of the uncertainty that currently persists, the company’s scale and flexibility were mentioned to be its long-term advantages.