The Wedbush analyst lifted his target from $350 on Friday, implying a 37% rise and setting the highest Apple target among analysts tracked by FactSet.
He tied the call to expected AI announcements at next month’s WWDC, saying Apple could become a major consumer AI hub and add $15 billion in annual services revenue.
The bullish view follows investor concern over Apple’s Siri rollout, but sentiment has improved as iPhone sales recovered and demand for the new 13-inch MacBook Neo strengthened.
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