Wedbush Raises Apple Price Target Citing AI Breakthroughs
Wedbush Securities raised its price target for Apple Inc. shares to $350 from $320, citing anticipated AI breakthroughs and recent executive reshuffles that it says will accelerate Apple Intelligence and monetization. The firm highlighted Apple’s installed base of more than 2.4 billion iOS devices and robust iPhone 17 sales, and projected that AI features and a potential 2026 integration with Google’s Gemini could add $75–$100 per share in long-term value.
Key Points
- 1Raises price target to $350 from $320, citing AI breakthroughs and executive reshuffles.
- 2Highlights installed base over 2.4 billion iOS devices and strong iPhone 17 sales as leverage.
- 3Suggests 2026 AI features and Gemini partnership could enable monetization adding $75–$100 per share.
Scoring Rationale
Reflects credible analyst upgrade tied to major platform plans, but relies on projected 2026 execution and single-firm estimates.
Sources
Public references used for this report.
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