TD Cowen and Morgan Stanley increase Price Targets

TD Cowen analyst Krish Sankar raised Apple's price target from $335 to $350 with a Buy rating, while Morgan Stanley analyst Eric Woodring increased his base target to $360 and bull target to $440, citing potential for Apple to be reframed as an AI winner. Apple shares closed at $301.54.

From 335 to 350 and 330 to 360 TD Cowen analyst Krish Sankar assigned a Buy rating to Apple yesterday and set a price target of $350.00. The company’s shares closed yesterday at $301.54. Source: The Globe and Mail via Analyst: Krish Sankar https://news.google.com/rss/articles/CBMi0AFBVV95cUxNTnQzMDlTS2xiN2QxOWVhXzVORGhuYzQ0S3ZzLUR6QzZvckFDa01RVDhLbnZwdUFXdHZRMGhtQWhETUZaaGVvTnMtQkZwMmp4YWR2d3o3YUJGLXdDa0ZyMThZcWhVa3RFTF9BSWpsZDRVZWU1alJwbUpDX1FkNzd3b0dQRjdmanhOUk9SVW5mWG5sTHFLZnlNNjBYSzlWM2w3TElpYy1LMEtXWDEyUjBtMUZ4MktEOFJxZUVKbDlpUUFpSWZibXY0bmg4XzFjZFYz?oc=5 Separately, Morgan Stanley analyst Eric Woodring also weighed in, maintaining an outperform buy rating on the stock while increasing his base price target to $360 and his bull target to $440, or 51% potential upside. He said this event “has the chance to reframe Apple as an AI winner.” NB: New average is $305. Published targets: 34. Analysts following: 41 Subscribe to Asymco One /one/ subscribe to read the rest of this and other in-depth analysis and commentary.