Siri AI takes full advantage of the bold new architecture for Apple Intelligence, including the next generation of Apple Foundation Models that run on device and on servers using Private Cloud Compute.
Wedbush Securities’ top analyst Daniel Ives remains highly bullish on Apple following the company’s WWDC 2026 keynote. In a new note, Ives reiterated his “Outperform” (Buy) rating and $400 price target, arguing that Apple’s refreshed AI strategy — highlighted by the new Siri AI plus deeper and better Apple Intelligence features — could add $75 to $100 per share to AAPL over time, a catalyst he believes the market has yet to fully price in.
Ives said Apple’s new AI strategy, which includes the launch of Siri AI and the deeper Apple Intelligence features, marks a turning point for the company as it works to close the gap with other AI leaders. In his view, the market is still undervaluing Apple’s AI monetization potential, especially through its services and future hardware cycles.
According to Ives, Apple’s AI push could ultimately add $75 to $100 per share to the stock over time. He called this year’s WWDC “a good step in the right direction” as Apple begins to show how AI will be built into the iPhone, Mac, and services ecosystem…
Interestingly, Ives ranks 416 out of more than 12,200 analysts tracked by TipRanks [in the 96.59th percentile]. He has an overall success rate of 93% on AAPL stock, with an average return per rating of 18.95% over a one-year timeframe.
MacDailyNews Take: The market doesn’t get it, yet, but it will soon enough.
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