A bullish analyst target increase can influence near-term sentiment and positioning into WWDC, though it is not company-reported results; upside expectations may extend over several days surrounding the event.
Melius Raises Apple (AAPL) Price Target Ahead of WWDC Ali Ahmed Tue, June 2, 2026 at 1:04 AM GMT+2 2 min read AAPL Apple Inc. (NASDAQ: AAPL ) is one of the 12 Stocks Most Bought by Hedge Funds in Q1 2026 . On May 26, Melius increased its price target on Apple Inc.
(NASDAQ:AAPL) from $355 to $385, noting that the company “may be on the brink of some real AI sizzle. ” The update comes ahead of Apple Inc. ’s (NASDAQ:AAPL) Worldwide Developers Conference, set for June 8 to June 12.
This annual event is where the company is expected to unveil new software updates, AI features, and advancements. Melius Raises Apple (AAPL) Price Target Ahead of WWDC Melius pointed to growing user comfort with voice commands, saying the company could benefit from this trend as technology becomes more voice-driven. The firm also noted that an upgraded Siri could be a standalone tool that users rely on, potentially even replacing some use cases of apps like ChatGPT.
The firm described this as an “agent-style interface” that could make Apple Inc. ’s (NASDAQ:AAPL) ecosystem more unique and spark fresh excitement among developers. The research firm also noted that no other consumer tech company has both the hardware and software sides under one trusted setup like Apple Inc.
(NASDAQ:AAPL). Melius believes this advantage could become more important as AI systems grow more complex and independent. According to the firm, the company could reach about $613 billion in total revenue by fiscal 2028.
Apple Inc. (NASDAQ:AAPL) is an American multinational technology company that is known for its products like the iPhone, iPad, and Mac computers. While we acknowledge the potential of AAPL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk.
If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock . READ NEXT: 10 Best Single Digit Stocks to Buy Right Now and 12 Best Revenue Growth Stocks to Buy According to Wall Street Analysts . Disclosure: None.
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