Citi Research analysts suggest that Apple’s stock could soar to $300 as investors recalibrate their expectations for the launch of an AI-enhanced Siri upgrade.
Apple stock is nearing their bear case, with the price seen rising as high as $300 after a selloff following the delayed rollout of Siri with Apple Intelligence.
Citi argues that despite the lack of clear timelines, Apple is expected to reset Siri software expectations on its next earnings call in May.
Investors can anticipate a significant Siri update with on-screen awareness, personal context, deep app integration, and more advanced Siri in the coming years.