24/7 Wall St. analysts note that while Apple is not typically classified as a pure AI company, its ability to deploy AI across 2.5 billion active devices without requiring hyperscale capital expenditures makes it the "safest AI stock." The firm has issued a "Buy" rating for Apple, with a 12-month price target of $363.99, representing an 11.87% upside from the current price of $325.81. Analysts believe that although Apple's P/E ratio of 42x is higher than Microsoft and Google, its 171% return on equity and 32% operating margin are sufficient to support its premium valuation.