Melius Raises Apple (AAPL) Price Target Ahead of WWDC

Apple Inc. (NASDAQ:AAPL) is one of the 12 Stocks Most Bought by Hedge Funds in Q1 2026. On May 26, Melius increased its price target on Apple Inc. (NASDAQ:AAPL) from $355 to $385, noting that the company “may be on the brink of some real AI sizzle.”

The update comes ahead of Apple Inc.’s (NASDAQ:AAPL) Worldwide Developers Conference, set for June 8 to June 12. This annual event is where the company is expected to unveil new software updates, AI features, and advancements.

Melius Raises Apple (AAPL) Price Target Ahead of WWDC

Melius pointed to growing user comfort with voice commands, saying the company could benefit from this trend as technology becomes more voice-driven. The firm also noted that an upgraded Siri could be a standalone tool that users rely on, potentially even replacing some use cases of apps like ChatGPT. The firm described this as an “agent-style interface” that could make Apple Inc.’s (NASDAQ:AAPL) ecosystem more unique and spark fresh excitement among developers.

The research firm also noted that no other consumer tech company has both the hardware and software sides under one trusted setup like Apple Inc. (NASDAQ:AAPL). Melius believes this advantage could become more important as AI systems grow more complex and independent. According to the firm, the company could reach about $613 billion in total revenue by fiscal 2028.

Apple Inc. (NASDAQ:AAPL) is an American multinational technology company that is known for its products like the iPhone, iPad, and Mac computers.

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