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

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Morgan Stanley has increased its price target for Apple (AAPL) from $315 to $330 while maintaining an Overweight rating, following strong March quarter results and optimistic June quarter guidance. The firm highlighted Apple’s 16.3% growth in its Services business and a higher-than-expected gross margin outlook. Consequently, Morgan Stanley also raised its EPS estimates for fiscal years 2026 and 2027.

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