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Apple (AAPL) Rated Sector Weight on Mixed Spending Trends
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Apple Inc. (NASDAQ:AAPL) ranks among the best most active stocks to buy right now. On March 12, KeyBanc reaffirmed a Sector Weight rating on Apple Inc. (NASDAQ:AAPL), citing a 9% month-over-month fall in indexed spending data, which is lower than the three-year average of 4%. KeyBanc stated that the data is broadly in line with forecasts, with January and February figures having been somewhat mixed and providing little context for the quarter. The firm stated that its projections are roughly on par with expectations for fiscal year 2026 and just below the consensus for fiscal year 2027 after updating its estimates to account for recent product releases. KeyBanc stated that it’s less worried about gross margin strain than investors are, adding that it isn’t expecting a catalyst, with the share trading at its historical valuation. Moreover, on March 5, Rosenblatt boosted its price target for Apple Inc. (NASDAQ:AAPL) to $268, citing the company’s product releases aimed at lower-end customers, including a Neo device for the Chromebook segment and a new iPhone 17e model. Apple Inc. (NASDAQ:AAPL) engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables, and accessories, and other varieties of related 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. READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years Disclosure: None. Follow Insider Monkey on Google News.