Apple price target raised to $350 from $320 at Wedbush

Wedbush analyst Daniel Ives raised the firm’s price target on Apple (AAPL) to $350 from $320 and keeps an Outperform rating on the shares. The firm cites its view that 2026 is going to finally be the year that Apple actually enters the AI Revolution. Wedbush also believes iPhone 17 sales have been trending well into year-end including in the China region as Apple continues to execute above Street growth expectations for the December quarter with a healthy holiday season ahead. The firm thinks the AI monetization piece could add $75 to $100 per share to the Apple story over the coming few years as it finally plays out after a head scratching AI strategy this year in Apple Park. It also believes Tim Cook will remain CEO of Apple through at least the end of 2027 to see Apple through this key AI technology transition in Cupertino.