Apple price target raised to $335 from $325 at TD Cowen

TD Cowen raised the firm’s price target on Apple (AAPL) to $335 from $325 and keeps a Buy rating on the shares. Apple reported solid fiscal Q2 results with a Q3 revenue growth outlook of up 14%-17% year-over-year, which is well above the Street despite component constraints, the analyst tells investors in a research note. The firm says that while memory costs will weigh on Apple’s second half gross margin, the company has room to partly mitigate and is still able to procure supply. TD views the developer conference event and new AI Siri launch as the next major catalysts ahead for the shares.