Apple has 18 months to strengthen its Apple Intelligence strategy, according to investment firm TD Cowen. The firm also expects Apple to release a foldable iPhone by the end of 2026. The analyst maintains a $275 target price and a buy rating on Apple, despite expecting delays in the improvements that previously drove the stock’s valuation. TD Cowen expects Google's AI-powered Pixel 10 to pressure Apple, projecting continued AI challenges and minimal impact from Apple Intelligence on upcoming iPhones. Apple’s AI strategy has come under pressure from investors following a sharp drop in its share price. Apple is expected to rebound in the second half of fiscal 2025 with new product launches, including a slimmer iPhone. Investors are closely watching for signs of recovery ahead of the third-quarter earnings release.
