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Morgan Stanley hikes Apple stock target after unexpectedly positive earnings

vendredi 3 mai 2024, 17:52 , par AppleInsider
Despite a recent Apple stock price target cut bank Morgan Stanley is amongst Apple's biggest bulls — and it has proven that by nudging the company's price target up to $216.An Apple Store signMorgan Stanley was oddly bullish about Apple even as it dropped its price target from $220 to $210. Following Apple's Q2 2024 earnings report, the company has increased its price target to $216, and sounds as if it feels vindicated.'Apple guided to an above-Street June Q, alleviated concerns about China iPhone [sales], reached an all-time Services rev & GM record, authorized its largest incremental buyback in history, & hinted at Gen AI announcements to come in weeks,' said the company in a note to investors seen by AppleInsider. 'It's hard not to be more bullish after that.' Continue Reading on AppleInsider | Discuss on our Forums
https://appleinsider.com/articles/24/05/03/morgan-stanley-hikes-apple-stock-target-after-unexpectedl...
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