Wedbush raised its Apple price target to a Street-high of $350 following a week of major product announcements. This new valuation suggests a potential upside of approximately 34% from recent trading levels.
Analysts identified Apple’s new artificial intelligence-focused Mac products as the primary growth driver. These refreshed models feature new M5 chips engineered to process AI workloads more efficiently.
The updated lineup includes new MacBook Air and MacBook Pro models alongside a lower-priced MacBook Neo. Wedbush expects these devices to expand Apple's ecosystem and capture rising demand for on-device AI capabilities.