Analysts Got A Lot People Out Of Apple (AAPL) Stock, Says Jim Cramer

We recently published 11 Stocks Jim Cramer Discussed, Including A Potential “Worst Stock Ever”. Apple Inc. (NASDAQ:AAPL) is one of the stocks Jim Cramer recently discussed.

Cramer has been discussing Apple Inc. (NASDAQ:AAPL) frequently since the firm’s US investment announcement and the iPhone 17 launch. He has repeatedly asserted that the latest iPhones are great products that will help the firm with market share. In this appearance, he discussed coverage by JPMorgan and Jefferies. JPMorgan’s note hiked Apple Inc. (NASDAQ:AAPL)’s share price target to $290 from $280 and mentioned smartphone demand and Service performance. Cramer had more to say about the Jefferies coverage:

“I got a piece in front of me, Apple, JPMorgan. It’s talking about how, look it’s gonna be a good number, all different ways but the main most important piece is Jefferies, which has an Underperform. And when they did the Underperform they really crushed the stock. Now they’re starting to hedge themselves by saying China’s strong. That’s a new one. I think they got everything wrong here and not to pick on them but they really got a lot of people out of the stock.”

While we acknowledge the potential of AAPL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, 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.