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Apple (AAPL) shares have performed decently in 2026, gaining more than 25% year-to-date (YTD), but Dan Ives sees further upside ahead. The Yorkville Ives analyst recently estimated that artificial intelligence (AI) could add another $75 per share to Apple's valuation.
Ives reiterated an “Outperform” rating and a $400 price target, arguing that Apple does not need to build the industry’s most powerful AI model to profit from the boom. Its advantage is distribution, as the company's base of more than 2.5 billion active devices gives it an enormous audience for AI features and services.
