AAPL Stock Slides Following WWDC, But Analysts Broadly Raise Targets

Apple shares person mislaid astir $25 per stock this week pursuing the company's WWDC 2026 keynote, though a question of upward expert terms people revisions suggests Wall Street's longer-term presumption of Apple remains constructive.


According to Tech Times, AAPL deed an all-time intraday precocious of astir $317.40 connected June 8 during the unveiling of Siri AI, earlier reversing to adjacent astatine $301.54, down 1.89%. The descent continued implicit the pursuing 2 days, with shares falling to astir $290.55 by the adjacent of June 10. The banal is trading astir $292 arsenic of writing.

The driblet has been attributed successful portion to mixed capitalist absorption to ‌Siri‌ AI. ‌Siri‌ AI will not launch connected iPhone and iPad successful the European Union owed to compliance issues, and the diagnostic faces a likewise delayed rollout successful China owed to regulatory hurdles. According to Yahoo Finance, Morgan Stanley estimates those 2 excluded markets unneurotic relationship for astir 35% of trailing 12-month iPhone shipments.

The expert community's effect to this year's WWDC has been broadly positive, with respective firms raising their terms targets. TheStreet reports that TD Cowen raised its Apple terms people to $350 from $335, Maxim Group raised its people to $350 from $310, and Morgan Stanley raised its people to $360, each maintaining Buy oregon Overweight ratings.

JPMorgan reiterated its Overweight standing with a $325 terms target, portion Jefferies held its people astatine $299.88. According to Investing.com, Bernstein reiterated an Outperform standing and a $350 terms target, portion UBS maintained a Neutral standing with a $296 target. Maxim Group accrued its fiscal 2027 projections connected the anticipation that improvements successful AI-related products volition service arsenic a catalyst for some services and hardware sales.

TradingKey characterized the post-WWDC selloff arsenic a classical "buy-the-rumor, sell-the-news" reaction, noting that Apple's 2nd 4th results of $111.2 cardinal successful gross and a $31 cardinal services all-time precocious stay unchanged by immoderate of the WWDC announcements.

The September iPhone lawsuit volition beryllium the adjacent large trial for investors and the archetypal keynote nether incoming CEO John Ternus.
This article, "AAPL Stock Slides Following WWDC, But Analysts Broadly Raise Targets" archetypal appeared connected MacRumors.com

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