AAPL Stock Slides Following WWDC, But Analysts Broadly Raise Targets
The recent selloff in AAPL shares can be seen as a buying opportunity for long-term investors who believe in Apple's AI-driven growth strategy. The unveiling of Siri AI at WWDC 2026 has sparked excitement, but the feature's delayed rollout in key markets like the European Union and China is a reminder of the challenges Apple faces in adapting to new regulatory environments.
The analysts' decision to raise their price targets suggests that they are optimistic about Apple's ability to drive growth through AI-related products and services, despite the near-term headwinds. Maxim Group's increased fiscal 2027 projections are a notable example of this confidence, with the expectation that AI improvements will boost sales in both hardware and services.
Key Takeaways
Analysts' raised price targets may signal a shift in investor sentiment towards Apple's long-term growth prospects.
The delayed rollout of Siri AI in key markets poses a risk to Apple's near-term revenue growth.
Maxim Group's increased fiscal 2027 projections highlight the potential for AI-related products to drive growth in both hardware and services.
About the Source
This analysis is based on reporting by MAC Rumors. Here is a short excerpt for context:
Apple shares have lost roughly $25 per share this week following the company's WWDC 2026 keynote, though a wave of upward analyst price target revisions suggests Wall Street's longer-term view of Apple remains constructive. According to Tech Times, AAPL hit an all-time intraday high of around $317.40 on June 8 during the unveiling of Siri AI, before reversing to close at $301.54, down 1.89%. The slide continued over the following two days, with shares falling to around $290.55 by the close of June 10. The stock is trading around $292 as of writing. will not launch on iPhone and iPad in the European Union due to compliance issues, and the feature faces a similarly delayed rollout in China due to regulatory hurdles. According to Yahoo Finance, Morgan Stanley estimates those two excluded markets together account for roughly 35% of trailing 12-month iPhone shipments. TheStreet reports that TD Cowen raised its Apple price target to $350 from $335, Maxim Group raised its target to $350 from $310, and Morgan Stanley raised its target to $360, all maintaining Buy or Overweight ratings. Investing.com, Bernstein reiterated an Outperform rating and a $350 price target, while UBS maintained a Neutral rating with a $296 target. Maxim Group increased its fiscal 2027 projections on the expectation that improvements in AI-related products will serve as a catalyst for both services and hardware sales. TradingKey characterized the post-WWDC selloff as a classic "buy-the-rumor, sell-the-news" reaction, noting that Apple's second quarter results of $111.2 billion in revenue and a $31 billion services all-time high remain unchanged by any of the WWDC announcements. Related Roundup: WWDC 2026 Tags: AAPL, WWDC 2026 Related Forum: Apple, Inc and Tech Industry This article, "AAPL Stock Slides Following WWDC, But Analysts Broadly Raise Targets" first appeared on MacRumors.com Discuss this article in our forumsRead the original at MAC Rumors
