Wedbush Keeps $350 Target on Apple, Flags Summer Launch of Three AI Wearables
Wedbush maintained an Outperform rating on Apple with a $350 price target, deeming the recent pullback unjustified despite worries over delayed AI Siri upgrades. The firm says Apple is accelerating development of three AI wearables – smart glasses, a wearable pendant and enhanced AirPods – for a summer rollout.
1. Wedbush Maintains Outperform Rating with $350 Target
On February 17, Wedbush reaffirmed an Outperform rating on Apple and set a $350 price target, arguing that the recent share price pullback is overdone despite investor concerns about potential delays in AI Siri upgrades.
2. Apple Accelerates Three AI Wearable Developments
Apple is speeding work on three AI-focused devices – smart glasses, a wearable pendant and AirPods with expanded AI capabilities – all built around Siri’s visual context features and slated for rollout by summer.
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