NewsBite analysis · AI, Business
MacRumors
AAPL Stock Slides Following WWDC, But Analysts Broadly Raise Targets
Apple's stock slid following the WWDC event, closing at around $292 after hitting an all-time high shortly before. Investor reaction to the unveiling of Siri AI was mixed, particularly due to regulatory hurdles preventing its rollout in key markets like the EU and China, which account for a significant share of iPhone sales. Despite the downturn, analysts raised their price targets for Apple's stock, indicating a broadly positive sentiment toward Apple's future performance, especially in AI-related products and services.
MonitorConfidence: MediumShort term horizonRegulatory risk: High
Published 11 Jun 2026, 16:45 UTC2 min read
Visit original article ↗Lead image — MacRumors
Summary
TL;DR
- Apple's stock peaked at $317.40 before WWDC, then dropped to $292.
- Regulatory issues hinder Siri AI's launch in the EU and China.
- Analysts raised their price targets following WWDC announcements.
- TD Cowen and Maxim Group both increased their price targets to $350.
- JPMorgan maintained its Overweight rating with a $325 target.
Interesting facts
- The stock selloff is characterized as a typical 'buy-the-rumor, sell-the-news' reaction.
- Apple's second-quarter results of $111.2 billion remain unchanged by WWDC announcements.