Wall Street analysts update Apple stock price

Core Viewpoint - A section of Wall Street is optimistic about Apple stock, anticipating renewed momentum due to the company's increased focus on artificial intelligence [1][3]. Price Target Adjustments - Wedbush analyst Daniel Ives raised Apple's price target to $350 from $320, maintaining an 'Outperform' rating, with expectations for a full entry into the AI market by 2026 [3][4]. - Evercore ISI also increased its price target for Apple to $325 from $300, highlighting the upcoming AI strategy as a significant growth catalyst [5]. AI Strategy and Market Entry - Ives expects strong iPhone 17 sales, particularly in China, to support Apple's AI strategy, which is becoming clearer under new leadership [3][4]. - A major relaunch of Siri 2.0 is anticipated in early 2026, powered by Google Gemini, offering enhanced features and privacy-focused architecture [5][6]. Monetization Opportunities - AI monetization could potentially add between $75 and $100 per share over the coming years, with CEO Tim Cook expected to lead through at least 2027 [4]. - Apple is expected to provide access to larger AI models like ChatGPT and Gemini, presenting long-term monetization opportunities [6]. - The company is also exploring revenue from AI-as-a-Service, faster device upgrades, and expanded partnerships with large language models [6][7]. Overall Outlook - The firms reiterated their 'Outperform' ratings, expecting Apple to maintain a capital-light AI approach while generating new revenue streams through an "AI toll booth" model [7].