Apple stock (NASDAQ: AAPL) slipped on Thursday, falling nearly 1.4% in the day’s trade. The mobile phone giant has remained range-bound this week with little to no price movements. The tech sector is facing a crunch due to increased capex for building its AI infrastructure. The worries come after Alphabet announced in its recent earnings call that it would increase spending from $180 billion to $205 billion for 2026.

On the heels of price stagnation, leading global investment banking firm TD Cowen has raised Apple’s stock price target in its latest forecast. The firm predicts that AAPL is on the path to surge by double digits if traders take an entry position at the $330 level. This makes the leading equity a must-watch asset as the upside potential is higher. The risk-to-reward ratio can flatten out when its price climbs above the $400 level.

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Apple Stock Price Prediction: TD Cowen Upgrades Target

Krish Sankar, TD Cowen’s stock market analyst, has maintained his buy rating on Apple stock. In a note sent to clients on Friday (July 31, 2026), the analyst hiked AAPL’s price target from $350 to $400. That’s an increase of $50, indicating the investment bank’s bullish thesis on the mobile phone giant. Even an entry position at the $330 level could be beneficial for traders, as the upside potential is bigger.

TD Cowen predicts that Apple stock could surge by 20% to reach the $400 price target. That’s an uptick and return on investment (ROI) of double digits if the price prediction turns out to be accurate. Therefore, an investment of $1,000 could turn into $1,200 if the target is achieved. Krish Shankar is a five-star-rated analyst with a success rate of 66.1%. Traders have made average returns of 52.4% from his analysis. AAPL has good prospects as the next launch is coming in September.