TD Cowen Apple · AAPL

TD Cowen Reiterates Buy Rating on Apple Following CEO Transition

Analyst: Krish Sankar 1 min read Reproduced verbatim
Rating
Buy
Unchanged
Target
$325
Outcome
Reached
on July 15, 2026
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What the analyst said

TD Cowen analyst Krish Sankar reiterated a Buy rating and $325.00 price target on Apple (NASDAQ: AAPL).

“Apple announced the appointment of John Ternus, SVP of hardware engineering, as its next CEO. Tim Cook will facilitate the transition with Mr.

Ternus, who has been with the company for over 25 years, set to fully assume the CEO position on September 1, 2026. Mr.

Cook will become executive chairman during the transition, replacing long-time non-executive chairman, Arthur Levinson, who will be transitioning to lead independent director.

We view the promotion from within and leadership continuity as a positive for Apple following the long-term succession planning process.

As Apple faces potential disruptions from increasing consumer adoption of gen AI technologies, we believe leadership stability is key for achieving solid product execution and maintaining agility when competition in the edge AI device market remains strong.”

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Where the price stands

AAPL trades at $330. The 19 analysts who set a target in the last 3 months range from $250 to $400, with a median of $350. This $325 target is 7% below the median.

Since the note AAPL has moved +21% (from $273). 12-month window: day 196 of 365, closes on April 21, 2027.

Track record

This call✓ Target reached on July 15, 2026, 3 months after the note.

Firm track recordTD Cowen: 83% of its 35 targets at least a year old were reached within 12 months (#6 of 26 firms). Accuracy ranking →

TD Cowen on Apple

TD Cowen price targets on Apple

5 calls from April 21, 2026 to July 31, 2026. The target went from $325 to $400 (+23%). The rating stayed Buy.

TD Cowen targetAAPL share price
  1. July 31, 2026Target raised from $350 (+14%)Buy$400
  2. June 9, 2026Target raised from $335 (+4%)Buy$350
  3. May 1, 2026Target raised from $325 (+3%)Buy$335
  4. April 24, 2026Kept the $325 targetBuy$325
  5. April 21, 2026 This noteEarliest call shownBuy$325
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Other analysts on Apple

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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.