AAPL Stock Slides Following WWDC, But Analysts Broadly Raise Targets
Source: MacRumors
Apple shares have lost roughly $25 per share this week following the company’s WWDC 2026 keynote, though a wave of upward analyst price target revisions suggests Wall Street’s longer-term view of Apple remains constructive.
According to Tech Times, AAPL hit an all-time intraday high of around $317.40 on June 8 during the unveiling of Siri AI, before reversing to close at $301.54, down 1.89%. The slide continued over the following two days, with shares falling to around $290.55 by the close of June 10. The stock is trading around $292 as of writing.
will not launch on iPhone and iPad in the European Union due to compliance issues, and the feature faces a similarly delayed rollout in China due to regulatory hurdles. According to Yahoo Finance, Morgan Stanley estimates those two excluded markets together account for roughly 35% of trailing 12-month iPhone shipments.
TheStreet reports that TD Cowen raised its Apple price target to $350 from $335, Maxim Group raised its target to $350 from $310, and Morgan Stanley raised its target to $360, all maintaining Buy or Overweight ratings.
Investing.com, Bernstein reiterated an Outperform rating and a $350 price target, while UBS maintained a Neutral rating with a $296 target. Maxim Group increased its fiscal 2027 projections on the expectation that improvements in AI-related products will serve as a catalyst for both services and hardware sales.
TradingKey characterized the post-WWDC selloff as a classic “buy-the-rumor, sell-the-news” reaction, noting that Apple’s second quarter results of $111.2 billion in revenue and a $31 billion services all-time high remain unchanged by any of the WWDC announcements.
Related Roundup: WWDC 2026 Tags: AAPL, WWDC 2026 Related Forum: Apple, Inc and Tech Industry This article, “AAPL Stock Slides Following WWDC, But Analysts Broadly Raise Targets” first appeared on MacRumors.com Discuss this article in our forums