(This is CNBC Pro’s live coverage of Monday’s analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) Two tech companies were among the names being talked about by analysts on Monday. TD Cowen raised its price target on Apple shares to $250 ahead of earnings later this week. Meanwhile, Guggenheim upgraded Akamai Technologies to buy from neutral . Check out the latest calls and chatter below. All times ET. 5:49 a.m.: TD Cowen raises Apple price target ahead of earnings Artificial intelligence is going to be a main driver to Apple going forward, and the company’s upcoming earnings release could reflect that, according to TD Cowen. The firm raised its price target to $250 per share from $220. TD Cowen’s forecast implies nearly 15% upside from Friday’s close. TD Cowen also reiterated its buy rating on shares. “We expect AAPL to report in-line results and outlook as NT headwinds could include modest China market share loss to Huawei devices, macro impact on consumer demand and FX. Potential key drivers of iPhone demand in C2H include emerging markets (EM) and upgrades to support early Gen AI features,” analyst Krish Sankar said. Sankar thinks iPhone sales will remain robust over the long-term and is a main driver of his outlook on the stock, as he expects annual handset replacement demand of roughly 220 million. The analyst noted that Apple’s forthcoming artificial intelligence suite could be a key catalyst for supporting iPhone replacement demand moving forward. Apple has added more than 13% in 2024. The company will report fiscal third-quarter results on Thursday after the close. AAPL YTD mountain AAPL year to date —Brian Evans 5:49 a.m.: Akamai Technologies gets an upgrade from Guggenheim It’s time for investors to scoop up shares of Akamai Technologies , according to Guggenheim. The firm upgraded the cloud security company to buy from neutral. It also implemented a $128 price target on the stock, which implies upside of 32% from Friday’s close. “We believe the company can leverage its leadership [content delivery network] position to deliver Security and Cloud solutions that will not only provide incremental value in themselves, but will also increase the value of AKAM’s leading CDN business,” analyst John DiFucci wrote. “We believe that CDN technology is foundational to both Security and Cloud, which should improve characteristics such as gross retention, price stability, and therefore, the value of the aggregate total business,” he added. Akamai shares have lost more than 18% this year. In the premarket Monday, they rose 2%. AKAM YTD mountain AKAM year to date — Fred Imbert
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