TD Cowen has increased its price target for Apple to $220, with iPhone shipments to emerging markets a “bright spot” in the upcoming Q3 2023 financial results.Apple is announcing its Q3 2023 quarterly results on Thursday, and continuing with analyst tradition, TD Cowen has issued its own predictions for Apple’s financial status.In Tuesday’s note seen by AppleInsider, TD Cowen models Apple as reporting revenues that are down 2% year-on-year, which will be in line with Wall Street forecasts. Like other analysts, Cowen believes the September quarter will do better, with a year-on-year increase of 1% as a guide. Read more…
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