Dan Ives Has a $400 Price Target on Apple. After WWDC, Here's Whether He's Right.
Key takeaways
- AAPL Wedbush analyst Dan Ives is one of the most prominent Apple (NASDAQ: AAPL) stock bulls on Wall Street.
- But Apple s recent Worldwide Developers Conference (WWDC) failed to give the stock a boost.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
AAPL Wedbush analyst Dan Ives is one of the most prominent Apple (NASDAQ: AAPL) stock bulls on Wall Street. He has often cited the company s annual i Phone upgrade cycle as a reason to invest in Apple stock. He regularly raises his price target for Apple and currently has one of the most optimistic projections on the Street, with a $400 price target.
But Apple s recent Worldwide Developers Conference (WWDC) failed to give the stock a boost. The annual event is often where Apple showcases its latest products or long-awaited upgrades, and this year the company used WWDC to introduce a more advanced version of its digital personal assistant, Siri. The new Siri will incorporate artificial intelligence (AI) to answer questions about content on users screens, search across apps, and get real-time information from websites. It is Apple s attempt to get back into the AI fray after losing precious ground to Amazon, Alphabet, OpenAI, Anthropic, and others.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »