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Morgan Stanley Raises Apple (AAPL) Price Target, Keeps Overweight Rating
Morgan Stanley has increased its price target for Apple (AAPL) from $315 to $330, maintaining an Overweight rating, following strong March quarter results and optimistic June quarter guidance. The firm revised its fiscal 2026 and 2027 EPS estimates upwards, citing the robust growth in Apple’s Services business and a higher gross margin outlook. Despite seeing potential in AAPL, the article suggests that other AI stocks might offer higher returns in a shorter timeframe.