Wedbush analysts raised their price forecast on Apple Inc. (NASDAQ:AAPL) from $350 to $400 on Friday.
The firm maintained an Outperform rating. This change reflects a “new AI age” coming to Cupertino. Analysts believe Apple is a “sleeping tech giant” nearing a major growth inflection point.
The AI Monetization Opportunity
Wedbush estimates that 20% of the world’s population will access AI through Apple devices. Analysts expect Apple to become the “consumer hub of AI” technology, and this shift could generate $15 billion in additional annual services revenue.
“We believe AI monetization and services will ultimately add $75 to $100 to Apple stock,” the analysts noted in the Friday report. This value is not yet factored into the current stock multiple.
WWDC and the iOS 27 Roadmap
The upcoming WWDC in June serves as the first step in Apple’s foundational AI platform. Wedbush expects users to integrate …
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