Morgan Stanley Raises AAPL Price Target to $330, Maintains Overweight

AI Summary

On April 30, Morgan Stanley raised its price target for Apple Inc. (AAPL) from $315 to $330, maintaining an Overweight rating. The upgrade follows Apple’s March quarter results, where the Services division grew by 16.3% year-over-year, exceeding previous guidance of around 14%. For the upcoming June quarter, Apple forecasted a gross margin between 47.5% and 48.5%. Additionally, Morgan Stanley increased its fiscal 2026 EPS estimate from $8.63 to $8.89 and set the 2027 estimate at $10.23 while keeping a valuation multiple of 32 times earnings.