Apple Quietly Reclaims Narrative as WWDC26 Unveils New Siri AI
Apple's stock has been quietly reclaiming its narrative in recent quarters, driven by three consecutive quarters of roughly 16% revenue growth and a genuine iPhone supercycle. The company's rebuilt Siri AI was unveiled at WWDC26, marking a significant shift from being an AI laggard to a steady compounder.
The proprietary model sees room for Apple to run further, with a 24/7 Wall St. price target of $363.69, implying a 14.86% upside over the next 12 months. The recommendation is to buy, with confidence at 90%.
AAPL has seen significant growth in recent years, with shares up 16.86% YTD and 37.93% over the past year. Fiscal Q3 2026 revenue hit $109.42 billion (up 16.36%), with EPS of $2.02 beating the estimate.
Tim Cook described the June quarter as 'the strongest ever' with double-digit growth across iPhone, Mac, and Services. However, memory-chip supply and tariff exposure remain live debates, which could impact Apple's performance.