While investment firm TD Cowen believes Apple must invest more in AI, the success of the current iPhone 17 has made it raise its Apple stock price target by $50 to $325.
iPhone 17 Pro – Image Credit: AppleInsider
iPhone 17 Pro – Image Credit: AppleInsider
Just as Evercore has now raised its Apple target price, so TD Cowen has done the same — and for chiefly the same reasons. In a note to investors seen by AppleInsider, its analysts are more bullish in that they’ve raised the price by $50 compared to Evercore’s $10.
Yet the analysts’ report is actually slightly more cautious than Evercore’s. It says that Apple must spend more on AI, although it also believes that the company is doing this.