Author: Shaun Pruitt, Zacks

Market’s will pay close attention to the results of the world’s most valuable company’s fiscal 3rd quarter on Thursday, August 1.

It currently sports a Zacks Rank #2 (Buy) as AI is starting to enhance the company’s attractive outlook, and earnings estimate revisions are likely to trend ever higher follow the company’s strong Q2 results.

Now is an ideal time to buy as they look poised to move higher in the following weeks.

Following its blowout first quarter results last week, and the announcement of its first-ever dividend, now appears to be a promising time to invest in the Magnificent Seven titan.

Our average price target suggests 17% upside from current levels.