Despite a mild pullback reflecting consolidation and profit-taking, Apple Inc. received significant analyst support, with Wedbush raising its price target to $350 and Evercore ISI lifting its target to $325, citing the company's anticipated full entry into AI.
- Analyst Dan Ives of Wedbush maintained an Outperform rating, emphasizing that 2026 marks Apple’s “full entry” into AI and highlighting strong demand for the iPhone 17, particularly in China.
- Evercore ISI reiterated its Outperform rating, pointing to the upcoming AI strategy and an expected Siri 2.0 relaunch as key long-term monetization drivers.
- Shares are trading slightly lower in pre-market at $277.08, reflecting consolidation after recently hitting new highs of $288.62.