Apple Bull Sees AI Monetization Adding $75 to $100 to Stock -- Market Talk

Dow Jones03:07

1507 ET - Apple's strategy to monetize artificial intelligence will ultimately add $75 to $100 to the company's stock price, Dan Ives and other Wedbush analysts say in a research note. That uplift isn't being factored into the current multiple on the stock, they say. The company's announcements at the Worldwide Developers Conference are a "good step in the right direction" as it looks to fill the void of its AI strategy, the analysts say. With the AI foundation unveiled, the analysts say they see "a new and imagined hardware/iPhone lineup over the next few years to follow." Wedbush maintains its outperform rating and $400 price target. Apple falls 3.6% to $290.70. (dean.seal@wsj.com)

(END) Dow Jones Newswires

June 09, 2026 15:07 ET (19:07 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment