Major Bank Rating | Wedbush: WWDC May Become a "Significant Turning Point" for Apple Stock, Sets Wall Street's Highest Target Price at $400

Glonghui, May 9 — Wedbush analyst Daniel Ives raised Apple's target price from $350 to $400, the highest forecast on Wall Street, leaving 37% upside potential. Ives is optimistic about Apple’s ability to benefit from artificial intelligence (AI), which has long been a contentious focus among investors. Although Apple has remained tight-lipped about its AI strategy this year, he believes that with the Worldwide Developers Conference (WWDC) taking place next month, the situation will change. He pointed out that WWDC could become a "major turning point" for Apple's stock price, paving the way for one-fifth of the global population to access AI through Apple devices in the coming years.