TD Cowen Apple · AAPL

TD Cowen Raises Apple Price Target to $400

1 min read Reproduced verbatim
Rating
Buy
Unchanged
Target
$400
from $350 (+14%)
Upside
+16%
AAPL at $345 today
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What the analyst said

TD Cowen analyst Krish Sankar raised the price target on Apple (NASDAQ: AAPL) to $400 (from $350) while maintaining a Buy rating.

“Product Price Increases and New 2nm Chips Could Mitigate Non-Memory Challenges; Wafer supply constraints and cost inflation (ex-memory) are NT headwinds, but product price increases (iPad, Mac, and future iPhones) and 2nm chips can partly mitigate it in coming quarters. iPhone 17 cycle strength could carry into the 18 with new AI Siri, enabled by Apple Upgrade program affordability.

Possible iCloud+ plan that includes AI cloud compute could add a new Services growth vector.”

Disclaimer
The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.

This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.

Where the price stands

AAPL trades at $345. The 16 analysts who set a target in the last 3 months range from $250 to $400, with a median of $358. This $400 target is 12% above the median, the highest on the Street.

Since the note AAPL has moved +3% (from $333). 12-month window: day 94 of 365, closes on July 31, 2027.

Track record

This callOpen: AAPL has not reached $400 yet. This 12-month target is scored on July 31, 2027.

Firm track recordTD Cowen: 87% of its 31 targets at least a year old were reached within 12 months (#9 of 21 firms). Accuracy ranking →

Earnings reactionOne of 15 notes after Apple’s Jul 30 results: 3 raised · 4 cut · 3 kept. See every call →

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, 2026 This noteTarget 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, 2026Earliest call shownBuy$325
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Other analysts on Apple

BernsteinBuy Kept rating and price target Oct 29 $370maintained EvercoreBuy Kept rating and price target Oct 27 $380maintained UBSHold Kept rating and price target Oct 20 $296maintained Loop CapitalHold Downgraded, cut price target −11% Oct 20 $330from $370 KeyBancSell Kept rating and price target Oct 19 $250maintained
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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.