What the analyst said

Wedbush raised its price target on Apple (NASDAQ: AAPL) to $400.00 (from $350.00), a new Street High, citing the company’s entry into the AI Revolution.

“We believe over the next few years Apple will be able to monetize the AI Services and storage features translating into what could be an additional $15 billion of annual services revenue for Apple as it starts to become the ‘consumer hub of AI’ technology for its global user base.

In China despite Beltway scrutiny we believe Apple’s partnership with Alibaba on AI will become more important as Cupertino goes after its massive and growing installed base in China.

These are all incremental steps leading to an AI enabled Apple iPhone likely with significant redesigns in 2027 on the 20th anniversary edition.”

Disclaimer
The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.

This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.

Where the price stands

AAPL trades at $331. The 19 analysts who set a target in the last 3 months range from $250 to $400, with a median of $350. This $400 target is 14% above the median, the highest on the Street.

Since the note AAPL has moved +15% (from $287). 12-month window: day 179 of 365, closes on May 8, 2027.

Track record

This callOpen: AAPL has not reached $400 yet. This 12-month target is scored on May 8, 2027.

Firm track recordWedbush: 68% of its 22 targets at least a year old were reached within 12 months (#20 of 26 firms). Accuracy ranking →

Wedbush on Apple

Wedbush price targets on Apple

2 calls from January 28, 2026 to May 8, 2026. The target went from $350 to $400 (+14%). The rating stayed Buy.

Wedbush targetAAPL share price
  1. May 8, 2026 This noteTarget raised from $350 (+14%)Buy$400
  2. January 28, 2026Earliest call shownBuy$350
Share

Other analysts on Apple

DA DavidsonHold Raised price target +9%, kept rating Nov 3 $295from $270 ArgusBuy Raised price target +7%, kept rating Nov 3 $400from $375 Yorkville IvesBuy Kept rating and price target Nov 3 $400maintained JP MorganBuy Cut price target −1%, kept rating Nov 3 $355from $360 BarclaysSell Raised price target +7%, kept rating Nov 3 $261from $245
Share on
Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.