Analyst Krish Sankar from TD Cowen maintained a Buy rating on Apple and keeping the price target at $275.00.
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Krish Sankar has given his Buy rating due to a combination of factors including Apple’s expected revenue performance and strategic positioning. Despite challenges such as an incomplete AI strategy and sensitivity to tariffs, Apple is projected to report June quarter revenues in line with expectations and guide the September quarter upwards. This is supported by anticipated demand pull-ins ahead of tariff implementations and a stable performance in iPhone sales.
Additionally, Apple’s Services segment is expected to grow significantly, with a projected 11% year-over-year increase in the second quarter, which is a positive indicator for sustained growth into the coming years. Although there are risks associated with antitrust cases and regulatory reviews, the company’s adjustments to comply with new regulations are expected to mitigate long-term impacts. Overall, the combination of these factors underpins the Buy rating, reflecting confidence in Apple’s ability to navigate current challenges and capitalize on growth opportunities.
In another report released on July 25, J.P. Morgan also maintained a Buy rating on the stock with a $250.00 price target.