TD Cowen Reiterates Buy Rating on Apple (AAPL)
TD Cowen analyst Krish Sankar reiterated a Buy rating and $250.00 price target on Apple (NASDAQ: AAPL).
The analyst commented, "AAPL's proprietary LLM called AFM help underpin Apple Intelligence, benchmark well against GPT3/4, and are strategically vital for fast inferencing on edge devices. iPhone spec upgrades in CY25 will be a material boost for Gen AI performance and a potential demand catalyst. We expect the OpenAI relationship to benefit AAPL LT and Private Cloud Compute could lead to new services revs."
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Shares of Apple closed at $222.38 yesterday.