Apple Inc (NASDAQ:AAPL) hosts its Worldwide Developers Conference, commonly known as WWDC, next week from Monday, June 8, through Friday, June 12. One analyst expects the event to be a major catalyst for Apple stock and its future growth.

The Apple Analyst

Wedbush analyst Dan Ives maintained an Outperform rating on Apple with a $400 price target ahead of WWDC, keeping a bullish stance on the Magnificent Seven stock.

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The Analyst Takeaways

Ives said WWDC is likely to heavily focus on Apple's AI-driven Siri chatbot, including a standalone Siri app.

"We expect fireworks with the long-awaited AI strategy," Ives said.

The analyst said the event could show how Apple will "unlock the developer ecosystem."

Gemini, from Alphabet Inc (NASDAQ:GOOGL), has been selected to run the AI-powered Siri for this launch, an event that Ives said could start integrating Gemini AI into Apple's hardware ecosystem.

Ives also said this year's WWDC is a major event for Apple as it comes ahead of John Ternus taking over as the company's CEO.

"We strongly believe this will be the start of AI monetization period of the Apple ecosystem as the company will continue to lay the foundation through its new operating system updates."

Ives said Apple will be able to monetize AI Services better going forward with an additional $15 billion in annual services revenue. The analyst estimates that AI monetization and services could add $75 to $100 to Apple shares that is not being factored into estimates.

The analyst said Apple should be on the offensive and not the defensive, given its consumer base and brand recognition.

"We see a golden path ahead for Apple in this AI era."

Ives said WWDC is only the beginning and ushers in the new AI age for Apple, with Ternus leading the charge in the AI Revolution and monetization efforts.

"WWDC is a pivotal moment in Apple's future as the developers are the hearts and lungs of the Cupertino growth story."

Apple Stock Price Action

Apple stock is up 0.8% to $313.96 on Friday versus a 52-week trading range of $195.07 to $316.94. Apple stock is up 15.6% year-to-date in 2026.

Read Also: Apple Posts Double Beat In Q2 As Active Installed Base Hits All-Time High — 'Our Best March Quarter Ever'

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