# Apple's Siri AI Pushes Stock Toward $450

> Apple's Siri AI could push stock past $450 as services grow but memory costs threaten margins.
- Title: Apple's Siri AI Pushes Stock Toward $450 · 24/7 Wall St.
- Summary: Apple's Siri AI could push stock past $450 as services grow but memory costs threaten margins. Apple's Siri AI drives services growth and iPhone upgrades…
- Keywords: apple, siri ai, services growth, memory costs, stock price, price target, earnings beat, mac revenue, iphone duo, tim cook, john ternus, Apple's
- Source: 24/7 Wall St. — https://247wallst.com/investing/2026/10/27/apples-next-growth-engine-could-change-the-stocks-trajectory
- Author: Vandita Jadeja
- Published: 2026-10-27T13:00:04+00:00
- Read time: 1 min
- Topics: apple, siri ai, services growth, memory costs, stock price, price target, earnings beat, mac revenue, iphone duo, tim cook, john ternus
## Apple's Ninth Straight Earnings Beat
Apple reported revenue of $109.42 billion (+16.4% YoY) and a 9th straight EPS beat.
## Siri AI Drives Services Growth
Siri AI boosts services revenue to $30.7 billion (+12%) with 1.5 billion paid subscriptions.
## Apple's 52-Week High
Shares sit 6% below 52-week high of $348.15 and 27.39% up year to date.
## Siri AI's Potential Upside
Siri AI could push stock to $452.19 with 31.46% gain from current price.
## Memory Costs Threaten Margins
Memory pricing described as '100-year flood' risks gross margin below 47%.

> 100-year flood
## Apple vs. Microsoft and Alphabet
Apple has highest P/E of 45x versus Microsoft's 30x and Alphabet's 15x.
## Next Year Price Targets
2027 price target at $397.25 with 31.46% gain from current price.
## Key takeaway

Apple's Siri AI drives services growth and iPhone upgrades, but memory costs risk margins and could push stock below $350.