Play Apple Stock Like Warren Buffett, Advises Bernstein - TipRanks.com

Amid recent underperformance and a soft iPhone 15 cycle, Bernstein's Toni Sacconaghi advises investors to "be like Buffett" and buy Apple (AAPL) stock. He upgraded AAPL to 'Outperform' with a $195 price target, seeing a potential 12.5% upside. Despite challenges in China, Sacconaghi anticipates a stronger iPhone 16 cycle and above-consensus financials for FY2025.

As Apple prepares to report its fiscal second-quarter results, expectations are modest, but historical trends suggest potential gains leading into the iPhone launch. The overall analyst consensus rates AAPL as a Moderate Buy, with an average price target of $200.37, implying around 18% growth.