Top Wall Street analysts pick these stocks to celebrate the new year

) weakening demand and production issues right now . However, taking into account the value that the company has returned to shareholders in the past years, even through market downcycles, these headwinds seem to be mere hiccups in the company's long-term journey.

Feinseth is particularly upbeat about the company's foray into the metaverse with the launch of its mixed-reality headset this year. Moreover, strong balance sheet and cash flow generating capabilities should enable Apple to continue to invest in growth-driving initiatives and enhance shareholder returns through share repurchases and dividend hikes.

The analyst reiterated a Buy rating on AAPL stock with a price target of $210. "AAPL is on our Research Focus List and in our Focus Opportunity Portfolio," emphasized Feinseth, who holds the #269 position among more than 8,000 analysts on TipRanks. The analyst's ratings have been profitable 59% of the time and each rating has generated average returns of 10.5%.

Apple 🍎 is rotten to the core!

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