Apple Price Target Raised At Morgan Stanley On Strong iPhone 17 Demand
Morgan Stanley raised its price target on Apple Inc. (NASDAQ: AAPL) to 240.00 while maintaining an Overweight rating, citing stronger-than-expected demand for the upcoming iPhone 17 lineup. The firm lifted its fiscal 2026 iPhone revenue estimate by 4%, including 3% higher unit sales and 1% higher average selling prices. Analysts said checks indicated a production build increase was imminent, supported by robust demand for base, Pro, and Pro Max models. Morgan Stanley projected Apple would ship ...