Is AAPL a good stock to buy?

The average AAPL stock price target is $207.72, indicating upside potential of 8.1%. Despite fears that Apple has missed the AI bandwagon and a few other headwinds, Apple shares have underperformed compared to their big tech peers. But from my perspective, it’s only a matter of time.

How will AAPL improve its competitive position?

Its competitive position is expected to improve with AAPL’s focus on adding a plethora of AI-enabled features that automatically generate playlists for Apple Music, edit photos through written or spoken commands and create custom emojis. A plausible collaboration with Microsoft-backed OpenAI will give iPhone users access to ChatGPT.

Will AAPL stock bounce back from underperformance?

With this move, Apple has shown a clear interest in pleasing investors who are anxious about its share price’s underperformance this year compared to other big tech companies. As a result, AAPL stock has soared more than 11% since announcing its results, demonstrating its historic ability to bounce back from valuation declines.