Wedbush Reiterates $270 Target on Apple (AAPL), Citing Hopes for AI Execution

Apple Inc. (NASDAQ:AAPL) is one of the 10 best tech stocks to buy according to billionaires right now. On June 10, following Apple’s keynote at the 2025 Worldwide Developers Conference (WWDC), Wedbush analyst Daniel Ives reaffirmed his Outperform rating on the stock, along with a $270 price target.

In his post-event note, Ives noted that while the presentation outlined Apple’s vision for the developer ecosystem, it offered limited new detail on the company’s artificial intelligence initiatives, an area where Apple appears to be moving cautiously, likely in response to last year’s strategic missteps.

A wide view of an Apple store, showing the range of products the company offers.

Notably, at the WWDC 2024, the company had given an ambitious roadmap to its Apple Intelligence and a transformation for smart AI assistant, Siri. However, the execution over these plans has lagged and the company’s AI strategy has been under scrutiny.

Fast forwarding to now, Ives believes Apple’s measured approach is understandable, but 2025 could be a critical year for the company to begin monetizing its AI efforts more visibly. He suggested that if internal development does not accelerate, the company may need to explore larger-scale AI acquisitions to strengthen its positioning in the space.

Although Apple may be seen as entering the AI race later than peers, Ives acknowledged that the company has begun laying the groundwork for a longer-term strategy. In his view, WWDC marked the start of Apple’s multi-year AI roadmap, with initial steps that could shape its direction through 2026 and beyond.

Apple Inc. (NASDAQ:AAPL) designs, manufactures, and markets innovative products, including the iPhone, iPad, Mac computers, Apple Watch, and Apple TV. The company also offers a range of software and services, such as the iOS and macOS operating systems, iCloud, advertising, payment services, Apple Music, and the App Store.

While we acknowledge the potential of AAPL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.