Apple (AAPL) Stock: $180 Target And Overweight Rating

By Amit Chowdhry ● Jul 27, 2022
  • The shares of Apple (AAPL) recently received a $180 price target from Morgan Stanley. These are the details.

The shares of Apple (AAPL) recently received a $180 price target from Morgan Stanley. And Morgan Stanley analyst Katy Huberty is maintaining an “Overweight” rating on the shares.

Huberty adjusted the rating while expecting that the June quarter (fiscal third quarter) results should come in slightly below the Street view and toward the lower end of guidance. And with Mac and Services underperformance seen more than offsetting the solid iPhone results, Huberty is not pounding the table into earnings.

Huberty sees Apple stock as a flight-to-quality/best of breed name in a downturn. And while she sees potential for more guarded September quarter commentary from Apple, the analyst views it as a high quality name to buy on pullbacks.