Apple preview - Investor focus on IP Supercycle: Citi

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Apple price target raised at TD Cowen on AI upgrades

July 29, 2024 9:40 AM EDT

TD Cowen analysts raised their price target for Buy-rated Apple (NASDAQ: AAPL) to $250 from $220, citing anticipated upgrades in artificial intelligence (AI) and favorable trends in emerging markets.

In their latest note, the firm projects a positive outlook for Apple's iPhone and other product lines, highlighting potential growth driven by AI enhancements and strong gross margins.

TD Cowen models Apple to report 4% year-over-year revenue growth for the June... More