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How Jim Cramer Is Approaching Apple Stock Ahead of Earnings

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Apple  (AAPL)  is set to report earnings after the bell on Wednesday, Jan. 27. 

The company got a price target boost from Wedbush on Monday morning.

Analyst Dan Ives raised his share price target on the tech giant to $175 from $160.

He said he "is anticipating robust results from Apple on Wednesday after the bell with Cupertino expected to handily beat Street estimates across the board."

Jim Cramer said he hates those type of analyst reports notes as they create unrealistic expectations into earnings. "You have a lot of reasons to buy Apple, but do you have a reason to buy Apple up 3%? The answer is no," Cramer said.

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