Apple (AAPL) Stock: $185 Target And Overweight Rating

By Amit Chowdhry ● Jul 12, 2022
  • The shares of Apple (NASDAQ: AAPL) recently received a $185 price target from Morgan Stanley. These are the details.

The shares of Apple (NASDAQ: AAPL) recently received a $185 price target from Morgan Stanley. And Morgan Stanley analyst Katy Huberty is maintaining an “Overweight” rating on the shares.

Huberty adjusted the rating while noting that the estimates based on the latest disclosures from Sensor Tower that Apple’s App Store net revenue growth decelerated to 2.5% year-over-year in the month of June, which was down from 4% growth seen in May, and that App Store net revenue grew 5% year-over-year to $6.5 billion for the June quarter – which was about $67 million below her current forecast for 6% year-over-year growth in the quarter.

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