Morgan Stanley Raises Apple (AAPL) Price Target, Keeps Overweight Rating

In the March quarter, Apple Inc.’s (NASDAQ:AAPL) Services concern grew by 16.3% compared to the aforesaid play past year, beating the guidance of astir 14%. The institution besides gave a higher-than-expected gross borderline outlook for the June quarter, forecasting it betwixt 47.5% and 48.5%, contempt higher representation costs.

In the archetypal fractional of fiscal 2026, Apple Inc.’s (NASDAQ:AAPL) gross grew by 16% year-over-year, portion net per stock (EPS) accrued by 20%.

Morgan Stanley lifted its fiscal 2026 EPS estimation from $8.63 to $8.89 and its fiscal 2027 estimation from $9.76 to $10.23. The probe steadfast kept its valuation aggregate astatine 32 times earnings.

Apple Inc. (NASDAQ:AAPL) is an American multinational exertion institution that is known for its products similar the iPhone, iPad, and Mac computers.

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