Morgan Stanley raised the firm’s price target on Apple (AAPL) to $275 from $273 and keeps an Overweight rating on the shares. Apple’s in-line December quarter results and “better-than-feared” March quarter guidance “create a cleaner catalyst path” into the April iOS 18.4 launch and June’s WWDC event, the analyst tells investors. Apple Intelligence is bolstering iPhone performance in regions where available, setting up a return to iPhone growth in FY26, though “China remains a key wildcard,” the analyst added in a post-earnings note.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AAPL:
- Apple price target raised to $260 from $250 at Evercore ISI
- Warren Buffett’s Net Worth – The Making of the Billionaire Oracle of Omaha
- UBS sees ‘flattish’ iPhone demand for Apple in Q2, FY25
- Apple price target raised to $230 from $220 at Redburn Atlantic
- Apple price target raised to $290 from $250 at TD Cowen