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AAPL Stock Slumps Post-WWDC Despite Analyst Price Target Hikes

MacRumors •
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AAPL stock slid $25 this week after WWDC 2026, despite analysts raising price targets. Shares hit a $317.40 intraday high June 8 during Siri AI’s debut but fell 1.89% to $301.54. The drop continued to $290.55 by June 10, closing at $292 amid mixed investor reactions.

Regulatory delays for Siri AI in the EU and China—key markets representing 35% of iPhone shipments—heightened concerns. Analysts broadly praised WWDC’s AI advancements, with TD Cowen lifting its target to $350, Morgan Stanley to $360, and Bernstein reiterating $350. Maxim Group cited AI-driven growth potential, while JPMorgan and UBS maintained $325 and $296 targets, respectively.

TradingKey noted a “buy-the-rumor, sell-the-news” pattern, as Q2 revenue and services records remained unchallenged. The September iPhone event under new CEO John Ternus will test investor sentiment.