Apple price target raised to $290 from $250 at TD Cowen

TD Cowen analyst Krish Sankar raised the firm’s price target on Apple (AAPL) to $290 from $250 and keeps a Buy rating on the shares post the fiscal Q1 report. The firm says the March quarter guidance, China demand trends, and data suggesting Apple Intelligence rollout does drive upgrades were encouraging reasons to remain positive ahead of accelerating iPhone growth in the second half of 2025. Given the level of negative sentiment over the past couple months, Apple’s report and guidance “gave several reasons to remain positive on accelerating growth,” the analyst tells investors in a research note.