Why Wedbush Says WWDC Was the First Step for Apple to Add $100 to Its Stock

Wedbush analyzes WWDC 2026 as a pivotal step for Apple to unlock roughly $100 of upside in its stock, driven by a refreshed AI-forward roadmap. Key highlights include an enhanced Siri powered by Google Gemini, a standalone Siri app, and cross-app context awareness with streamlined password updates. Wedbush envisions monetization potential from AI integration across devices and services while emphasizing privacy. The firm maintains an Outperform rating and a $400 target. Apple’s broader strategy—localizing production in the U.S., expanding Mac mini manufacturing in Houston, and increasing iPhone output in India—supports resilience and growth for a market cap around $4.28 trillion. The stock has surged about 50.89% over 52 weeks and is up 9.03% Year-to-Date, with a 52-week high of $317.40 on June 8.