Morgan Stanley weirdly bullish on iPhone as it trims Apple stock price target
by AppleInsider
AppleInsider— Investment bank Morgan Stanley says there are signs of increased iPhone, Mac, and Services revenue for Apple, but it has cut its target price by $10. Apple Park One week after claiming that Apple has increased its June quarter iPhone orders, Morgan Stanley now says that there are also rises in demand for other devices. Specifically, in a note to investors seen by AppleInsider, its analysts say that Mac shipments have grown year over year, which contributes to a rising March quarter...
TheStreet Pro—Here's Why We're Boosting Our Apple Price Target. ... * We are lifting our Apple price target to $220 from $205 to reflect higher margin prospects despite near-term iPhone softness.
AppleInsider—Bernstein says buy Apple while stock price is low. Investment firm Bernstein is recommending clients buy Apple stock, and expects issues such as declining Chinese demand for the iPhone to be cyclical, especially with an AI iPhone. Apple is dealing with regulatory pressures and other unknowns Bernstein's position goes against that of JP Morgan, which does expect a boost from AI for Apple, but not until 2026 and the iPhone 17. Morgan Stanley has said that it is bullish about Apple, yet it also downgraded its stock price. Now Bernstein...
CNBC—We're raising our price target on Apple after its big earnings beat and raise. The consumer tech giant is as strong as ever, and we see positive catalysts ahead.