Wedbush Raises Apple Price Target to $400 on AI Growth Outlook
May 8, 2026
Wedbush raised its 12-month price target on Apple to $400 from $350 and kept its Outperform rating on the stock. The new target is the highest on Wall Street among the reports provided.
The analyst firm said Apple could enter a new growth phase as artificial intelligence becomes a bigger part of its business. Wedbush pointed to iOS 27 as a possible turning point and said Apple’s large user base could help bring more people into the AI economy.
The firm also said services revenue could be a key benefit if Apple’s AI strategy develops as expected. Apple shares were trading around $287 to $292 when the notes were published.
What did Wedbush do to Apple stock?
Wedbush raised its price target on Apple to $400 from $350 and kept an Outperform rating.
Why did Wedbush raise the target?
The firm said Apple may benefit from a new growth phase tied to artificial intelligence and future software changes.
Does this mean Apple stock will definitely rise?
No. A higher price target is an analyst opinion, not a guarantee of future stock performance.
Sources
Apple stock price target raised by Wall Street analysts
Apple (NASDAQ: AAPL) stock received a bullish update from Wedbush on May 8, as the company raised its price target on the iPhone maker from $350 to a Street-high $400.
Broker lifts Apple price target to $400 as AI strategy takes shape ahead of WWDC
Proactive Investors
Proactive Investors
Dan Ives and his team see iOS 27 as the turning point that brings Apple's 2.5 billion users into the AI economy, with services revenue the main prize Wedbush Securities has raised its price target on Apple Inc (NASDAQ:AAPL, XETRA:APC) to $400 from $350, keeping its 'outperform' rating on the stock a...
Wedbush Hikes Apple Price Target to $400: AI Inflection Point Could Reach 20% of...
24/7 Wall Street
24/7 Wall Street
Wedbush raised its price target on Apple (NASDAQ:AAPL | AAPL Price Prediction) to $400 from $350, with analyst Daniel Ives keeping an Outperform rating and calling the company “the sleeping tech giant about to see a major inflection point.
Apple price target boosted by Wedbush on AI monetization expectations
Proactive Investors
Proactive Investors
Apple Inc (NASDAQ:AAPL, XETRA:APC) is entering a potential new growth phase driven by artificial intelligence, according to Wedbush analysts, who raised their 12-month price target from $350 to $400 and maintained an ‘Outperform' rating. This implies upside from current levels of $292.
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Benzinga
Benzinga
Wedbush analysts raised their price forecast on Apple Inc. (NASDAQ:AAPL) from $350 to $400 on Friday.
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Seeking Alpha
Seeking Alpha
Apple Inc. is delivering record-high gross margins, accelerating revenue growth, and maintains a near-record $62bn net cash position. AAPL's AI strategy leverages edge processing and Apple Silicon, positioning it to generate substantial cash returns without heavy capex. Valuation multiples for AAPL...
Is Apple (AAPL) a Buy as Wall Street Analysts Look Optimistic?
Zacks Investment Research
Zacks Investment Research
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
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Zacks Investment Research
Zacks Investment Research
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