TD Cowen Raises Apple Price Target to $350

TD Cowen analyst Krish Sankar raised the price target on Apple (NASDAQ: AAPL) to $350.00 (from $335.00) while maintaining a Buy rating.

“Thoughts Post WWDC 2026 Keynote: The event was a step in the right direction and builds on last year’s WWDC momentum.

But given the level of optimism into this event, we think the announcement came in a bit shy of expectations.

Based on last year’s deep dive, we would have hoped for full integration between the LLM and 3rd party apps at this year’s event, but it seems this will need time to evolve. PT to $350, ~35x CY27E.

WWDC 2026 demonstrated continued progress in AAPL’s hybrid foundation model architecture, which combines on-device processing with larger-scale reasoning capabilities running through Apple’s Private Cloud Compute.

Today’s developments build on the WWDC 2025 announcements, when Apple opened access to on-device models through the Foundation Models framework.”

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