Mag7 and Beyond: Top 10 AI News Updates and Ratings

6. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 166

Apple Inc. (NASDAQ:AAPL) is a technology company. On March 31, Barclays reiterated the stock as “Underweight,” stating that it has a “challenging growth backdrop, undefined AI strategy and a premium valuation.”

“According to our sell-through checks, iPhone sell-through in China has been muted since the IP16 launch. AAPL continues to experience market share losses in China. Especially in Feb when Android were strong, relatively muted iPhones imply additional points of share losses.”

Analysts on Wall Street currently have a consensus “Buy” rating on the stock. The average price target of $254 implies a 25% upside, however, the Street-high target of $325 implies an upside of 60%.