A meaningful improvement in Apple sentiment may depend on either a significant upgrade cycle or noticeable AI progress, particularly driven by Siri, potentially marking an inflection point in spring 2026 with the anticipated launch of a revamped Siri offering, according to Evercore ISI analyst Amit Daryanani.
Patrick Seitz for Investors Business Daily:
“The struggle investors have is identifying what drives upside from current levels,” Daryanani said in a client note Friday. “A meaningful sentiment improvement may hinge on either a sizable upgrade cycle or visible AI progress (Siri-driven) — which implies a potential inflection point could emerge in spring 2026 when Apple is expected to launch a revamped Siri offering.”
In the four weeks since the launch of the iPhone 17 series smartphones, order lead times have remained mostly stable in the U.S., Daryanani said in a report Saturday. Some key international markets, such as China, Germany, Japan and the U.K., have seen a shortening of lead times, particularly for the top-of-the-line Pro Max model, he said.
MacDailyNews Note: Daryanani maintains an “Outperform” (Buy) rating on Apple stock with a price target of $290.
Please help support MacDailyNews — and enjoy subscriber-only articles, comments, chat, and more — by subscribing to our Substack: macdailynews.substack.com. Thank you!
Support MacDailyNews at no extra cost to you by using this link to shop at Amazon.
The post Spring 2026 could deliver catalyst for Apple stock with new AI-powered Siri launch appeared first on MacDailyNews.
