Wedbush Sees $75–100 Apple AI Monetization, Maintains $350 Price Target
Wedbush holds an outperform rating and $350 target on Apple, saying its Siri AI rollout remains on track for summer and could add $75–100 per share. Apple has topped Fortune’s most admired list for 19 years, its stock outperforming the S&P 500 despite research showing admired companies often lag.
1. Wedbush Rating Reaffirmation and AI Outlook
Wedbush analyst Dan Ives argues that recent share weakness is overstated and that Apple’s advanced Siri AI features remain on schedule for a summer launch. He highlights Apple’s 2.5 billion iOS device installed base and projects that AI monetization could contribute $75–100 per share over coming years, justifying a maintained $350 target.
2. Reputation and Stock Performance Exception
Apple has held the top spot on Fortune’s most admired company ranking for 19 consecutive years, yet its stock has outpaced the S&P 500 over the same period. This performance defies academic research indicating that highly admired companies typically underperform peers in the years following recognition.