Morgan Stanley bumps Apple stock price target to $315
The new price target reflects a higher revenue forecast, despite a recent spike in memory costs. Here are the details.
3% up, still Overweight
As reported by Investing.com, Morgan Stanley has bumped its price target for Apple’s stock by 3%, keeping its Overweight rating:
Morgan Stanley raised its price target on Apple to $315.00 from $305.00 on Wednesday, while maintaining an Overweight rating on the stock. (…) The 3% increase in the price target reflects the investment bank’s unchanged 32x multiple applied to its revised fiscal year 2027 earnings per share estimate of $9.83, up from the previous forecast of $9.55.
In the new forecast, Morgan Stanley also expects slightly higher iPhone shipments,…
