Stock price pullback is unreasonable! Well-known technology analyst Dan Ives supports Apple Inc. (AAPL.US) and maintains an "outperform the market" rating.

Apple Inc. (AAPL.US) became the focus of Wall Street attention on Tuesday. Wedbush Securities released a new research report pointing out that the recent pullback in Apple Inc. stock price is "unreasonable", and believes that 2026 will be a key year for Apple Inc. to truly establish its flag in artificial intelligence (AI). The research team led by Wedbush analyst and well-known tech bull Dan Ives stated in the report that the recent weakness in Apple Inc. stock price in the past few weeks is mainly due to market concerns about the potential delay of some highly anticipated AI features, especially those related to Siri. Investors have shown some fatigue over the past year with Apple Inc.'s "back and forth" in its AI strategy. However, analysts believe that these concerns have been greatly exaggerated. The report points out that Apple Inc.'s current core task is not to "rush", but to get its AI strategy "right the first time." Based on the current progress, Apple Inc. is still expected to release its more advanced AI features around the summer of this year, which may appear in stages in the iOS 26.4, iOS 26.5 versions, and finally be fully implemented in the iOS 27 released in September. Analysts emphasize that the real focus for CEO Cook and Apple Inc. is to build a complete, sustainable AI platform for developers and consumers, a layout that will fully blossom in 2026. Based on this judgment, Wedbush maintains an "outperform" rating for Apple Inc. and gives a target price of $350. In a deeper analysis, Wedbush also acknowledges that the market's fears about Apple Inc.'s AI prospects are not unfounded. In the past year, Apple Inc.'s pace of progress in the AI field and its communication with the outside world have indeed raised questions. But analysts point out that a series of recent developments are reversing this situation, including the cooperation agreement with Alphabet Inc. Class C (GOOG.US, GOOGL.US), and the introduction of new external executive forces, all indicating that the Apple Inc. management clearly recognizes that the new Siri must be successful and cannot make mistakes again. Wedbush further states that the "mistakes" made in AI last year have actually created greater room for imagination for the formal debut of the Siri AI platform in 2026. The market is clearly underestimating the significance of this platform for Apple Inc.'s long-term narrative. The analyst bluntly says that the "elephant in the room" in the market is still Apple Inc.'s AI strategy that has not fully emerged, but considering that Apple Inc. has the world's largest consumer ecosystem, with around 2.5 billion active iOS devices and 1.5 billion iPhones, now is the best time for Apple Inc. to accelerate its AI layout. On the commercialization level, Wedbush believes that with the gradual realization of the AI strategy in 2026, its monetization potential is expected to contribute $75 to $100 incremental value per share to Apple Inc.'s stock price over the next few years. The analyst concludes that once the AI story truly unfolds, the market's reassessment of Apple Inc. still has considerable room.