Apple's Stock Could Be On The Verge Of A Major AI Breakout After WWDC, Says Top Investment Bank— But One Key Challenge Remains

Morgan Stanley believes Apple's WWDC 2026 (June 8-12) could trigger a major AI narrative shift for the stock, with potential for a rally to $440 if the company successfully unveils an improved Siri and Apple Intelligence strategy. However, UBS remains skeptical, citing uncertainty around Apple's broader AI strategy. JPMorgan and Wedbush analysts are more optimistic, expecting WWDC to kick off a major catalyst cycle with potential for significant services revenue growth.