Dan Ives Eyes $400 Apple Target After WWDC: Is He Right?
Apple shares have gone nowhere in a month. Dan Ives is still bullish at $400. Here's the trade.
Apple stock has been dead money for the past month. Flat. Sideways. The kind of chart that makes traders switch tabs. But Wedbush's Dan Ives isn't blinking — he's sitting on a $400 price target and not budging.
WWDC just wrapped, and the question every Apple bull and bear is asking is simple: did the developer conference move the needle enough to justify that lofty target? Ives has been one of Wall Street's loudest Apple cheerleaders, and his conviction hasn't wavered even as the stock stalled.
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Flat price action over a month isn't necessarily bearish — it can mean accumulation, consolidation before a leg higher, or just the market waiting for a catalyst. WWDC is traditionally that catalyst window. If Apple delivered compelling AI or software announcements, the setup for a breakout improves. If it underwhelmed, that $400 target looks more like a stretch goal than a roadmap.
For retail traders, the play here is straightforward: watch how the stock responds in the days following WWDC. A flat month that breaks higher on volume is a very different story than one that rolls over. Ives may be right on direction but early on timing — and in trading, timing is everything. Don't chase the name just because a bull has a big number attached to it.
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