Wedbush lifted its Apple price target to $400, a $50 jump that marks the firm’s steepest and significant increase in at least five years. The bump follows a December 2025 revision to $350 and contrasts with an April 2025 dip to $250 when tariffs hit. Analysts say the surge reflects confidence in Apple’s upcoming AI rollout, positioning the stock for fresh upside.

The firm cites iOS 27’s support for multiple AI models and a projected ecosystem of hundreds of AI‑driven apps as catalysts. Wedbush also flags Apple’s partnership with Alibaba, estimating AI services could generate roughly $15 billion annually. Tim Cook’s recent earnings call highlighted double‑digit growth in Greater China, reinforcing the belief that Apple Intelligence will become a core global consumer hub.

Beyond AI, Wedbush expects the incoming CEO John Ternus to steer hardware decisions that dovetail with the June WWDC 2026 keynote. The analyst house labels the event a “golden age” for Apple, implying the combined AI and leadership shifts could sustain premium pricing and market share gains. The $400 target now stands as the highest ever set by any firm.