Apple shares reached an all-time high of $311.82 on Wednesday. The company's market capitalization now exceeds $4.5 trillion.
Investor optimism is rising ahead of the Worldwide Developers Conference in June. Bank of America raised its price target for the stock to $380. The previous price target was $330.
Analysts expect a revamped, AI-powered Siri to unlock substantial new growth. These integrated features aim to solidify Apple's position in the emerging agentic AI smartphone market.