Down, but not out, Apple is seeing a good deal of interest with multiple catalysts ahead.

For one, analysts over at Bernstein just said, “Be like Buffett” and buy Apple shares while they’re cheap. The firm also upgraded the tech giant to an outperform rating. 

Remember, as billionaire Warren Buffett has said: “A climate of fear is your friend when investing; a euphoric world is your enemy.” And, “Be fearful when others are greedy, and greedy when others are fearful.”

“Despite his reputation as a long term buy and hold investor, Warren Buffett has been remarkably disciplined at adding to his Apple position when it is relatively cheap and trimming when it is relatively expensive. We would encourage investors to follow suit, adding to positions on Apple when the multiple is 25x earnings or below, and trimming at 30x+,” as noted by CNBC.

Analysts at Wedbush are maintaining an outperform rating on the stock, with a $250 price target. The firm believes iPhone sales could be strong this year, and that there could be pent-up demand for them, as well. In addition, the firm says service revenues are still strong, and that the company is integrating artificial intelligence into its devices. 

In addition, Apple just announced it will hold an event on May 7, “amid reports that it would roll out the long-anticipated revamped versions of iPad Pro and iPad Air next month,” according to Reuters. Plus, the company is nearing its Worldwide Developers Conference (WWDC) in June, where it’s expected to unveil new artificial intelligence-enabled products.

In short, there’s a lot of reasons to get bullish on Apple again.