Apple Inc. (NASDAQ:AAPL) is one of the AI stocks currently on Wall Street’s radar.
Apple’s AI roadmap is drawing in renewed scrutiny from Evercore ISI, with the research firm anticipating a delay in its Apple Intelligence 2.0 launch. On February 11, analyst Amit Daryanani reiterated an Outperform rating on the stock with a $330.00 price target.
The firm noted that recent headwinds during the testing phase may lead Apple to delay the expected March launch of Apple Intelligence 2.0, an advanced phase of its personal AI system. Moreover, investors should be bracing themselves for a multi-phase release of Apple’s new AI features this year.
A new/upgraded Apple Intelligence may be rolled out mid-year, with the likelihood of a complete overhaul of Siri this fall. Evercore added how privacy appears to be of paramount importance for Apple, with the tech giant prioritizing data protection along with seamless integration before launching the upgrades.
“Maintain OP and $330 target.”
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Despite these delays, the firm remains constructive on the stock.
Apple is a technology company known for its consumer electronics, software, and services.
While we acknowledge the potential of AAPL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.