Apple Inc. (NASDAQ:AAPL) shares have declined following important AI-related announcements at the WWDC 2026 conference. The falling investor sentiment comes as the company was not able to meet AI advancement expectations. However, the Street sees the conference as a meaningful step for Apple. Apple Inc. (NASDAQ:AAPL) is also one of our Top Stocks to Buy and Hold for the Long Term.
Recently, on June 9, Maxim raised the price target on the stock from $310 to $350 and reiterated a Buy rating. Maxim noted meaningful progress in the company’s AI efforts. The firm noted that the enhanced version of Siri is set for beta launch later this year, which is a positive sign.
On the same day, Bernstein SocGen also reiterated an Outperform rating and $350 price target. The firm noted that a key revelation from WWDC was that Apple’s next-generation Foundation Models were built in collaboration with Google, using its Gemini technology. This powers Apple Intelligence, running both on-device and via Private Cloud Compute. Bernstein flagged the conference as the first meaningful step towards AI monetization.
Apple Inc. (NASDAQ:AAPL) designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and home accessories. The company develops its own operating systems (iOS, macOS) and provides digital services, including iCloud, Apple Pay, and content streaming through the App Store and Apple TV+.
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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