TD Cowen analyst Krish Sankar maintained a Buy rating on Apple today and set a price target of $325.00.
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Krish Sankar has given his Buy rating due to a combination of factors that highlight Apple’s strong financial performance and future growth potential. The company has shown impressive revenue growth, particularly with the iPhone 16 and 17 models, despite facing supply constraints. This strong demand has led to a positive revenue guidance for the upcoming quarter, surpassing market expectations.
Additionally, Apple’s services segment continues to grow robustly, driven by App Store, Search Ads, and Cloud services, contributing significantly to the company’s overall revenue. The company’s gross margin has also improved, showcasing effective cost management despite tariff impacts. Furthermore, while Apple is increasing its R&D spending on AI to maintain competitiveness, the anticipated revenue growth in the coming years is expected to offset this expenditure, supporting a favorable long-term outlook.
Sankar covers the Technology sector, focusing on stocks such as Apple, Micron, and Applied Materials. According to TipRanks, Sankar has an average return of 29.4% and a 66.15% success rate on recommended stocks.
In another report released today, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $308.00 price target.