Wedbush Keeps Apple Outperform, $350 Target as AI Features Roll Out Summer–Sept
Wedbush maintained an Outperform rating on Apple with a $350 12-month price target, noting the stock’s 4% drop over five days due to AI feature delay fears. Analysts expect advanced AI capabilities across iOS 26.4–27 from summer through September and estimate AI monetization could add $75–100 per share.
1. Wedbush Rating and Price Target
Wedbush analysts reaffirmed an Outperform rating on Apple, maintaining a $350 share price target over the next 12 months. They highlighted that recent share weakness—down over 4% in five days—reflects unwarranted timing concerns rather than any fundamental shift in Apple’s AI strategy.
2. AI Feature Timeline
Apple plans to introduce new AI capabilities in phases: initial upgrades in iOS 26.4 and 26.5 through summer, followed by more advanced Siri features in iOS 27 this September. The rollout aims to build a comprehensive AI platform for developers and consumers throughout 2026.
3. Monetization Potential and Risks
Analysts estimate that AI-driven services and subscriptions could contribute an additional $75–100 per share to Apple’s valuation, leveraging a partnership with Google Gemini and new AI leadership at Apple Park. They cautioned, however, that any significant delays in the Siri launch could trigger further volatility until the company delivers on its timetable.