- The shares of Apple Inc (NASDAQ: AAPL) have received a price target of $200 from Morgan Stanley. These are the details.
The shares of Apple Inc (NASDAQ: AAPL) have received a price target of $200 from Morgan Stanley. And Morgan Stanley analyst Katy Huberty increased the price target from $164 while maintaining an “Overweight” rating on the company shares.
Huberty noted that they are cautious about IT hardware generally entering next year. But Huberty believes Apple should benefit from a flight to quality, especially as upside from new product categories gets priced in as Apple is potentially approaching the launch of an AR/VR product over the next year.
For the near term, Huberty is expecting the iPhone supply and App Store to be surprising to the upside and will drive the December quarter estimates higher.
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