WWDC 2026: Morgan Stanley Sees Catalyst for AAPL Valuation Growth

Morgan Stanley believes Apple's WWDC 2026 will be a key catalyst for the company, potentially positioning it as an 'AI winner.' The conference, scheduled from June 8 to June 12, may showcase Apple's AI capabilities and Agentic vision.

Currently, investors price AAPL stock based on iPhone sales, which account for nearly 55% of total revenues. Services like iCloud and App Store contribute about 25%, while the remaining revenue comes from wearables, Mac, and iPad.

Morgan Stanley analyst Erik Woodring thinks a polished AI platform and clear Agentic vision could push AAPL's valuation to $365-$385, with upside to $440. This represents a near 44% increase from Apple's Monday closing price.