Apple (NASDAQ:AAPL) stock is in the news Monday after the tech giant’s shares got an increased price target from analysts at TD Cowen.
This has the analysts increasing the firm’s price target for AAPL stock from $220 per share to $250 per share. That’s a nearly 15% possible upside for the iPhone maker’s shares. It’s also above the analysts’ consensus price prediction of $230.97 per share.
Investors will also note that TD Cowen is bullish on Apple with a “buy” rating for the company’s shares. This matches the analysts’ consensus rating for AAPL stock based on 35 opinions.
What’s Behind the Bull Stance on AAPL Stock?
TD Cowen sees great potential for AAPL stock in the company’s upcoming earnings report. That will come out on Aug. 1 and provide insight into sales of its latest devices.
On top of that, the TD Cowen analysts believe that sales in China will be a boost to the company’s shares. Additionally, it believes that adding AI support to iPhones will be a positive catalyst for Apple investors.
AAPL stock is up slightly as of Monday afternoon.
Investors will want to keep reading for more of the most recent stock market stories!
We have all of the hottest stock market news ready to go on Monday! Among that is what has shares of Beamr Imaging (NASDAQ:BMR), Tesla (NASDAQ:TSLA) and Mullen Automotive (NASDAQ:MULN) stock on the move today. All of that info is ready to go at the links below!
More Stock Market News for Monday
- Why Is Beamr Imaging (BMR) Stock Moving Today?
- HSBC Just Slashed Its Price Target on Tesla (TSLA) Stock to New Street Low
- MULN Stock Flirts with $1 as Mullen Files to Resell Up to 85 Million Shares
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
