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Top Analyst Eyes 30% Upside On AAPL Stock Ahead Of WWDC: No 'Treadmill Approach' Expected As John Ternus Prepares To Take Apple CEO Baton

Benzinga·
Top Analyst Eyes 30% Upside On AAPL Stock Ahead Of WWDC: No 'Treadmill Approach' Expected As John Ternus Prepares To Take Apple CEO Baton

Wedbush Securities analyst Dan Ives maintains an 'Outperform' rating with a $400 price target on Apple, projecting 30% upside ahead of WWDC. The analyst expects Apple to announce a major AI strategy integrating large language models and a revamped AI-driven Siri powered by Google's Gemini. Ives estimates AI monetization could add $75-$100 to Apple's stock price and generate an additional $15 billion in annual services revenue. The event marks a pivotal moment as John Ternus prepares to take over as CEO from Tim Cook.

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