Morgan Stanley Raises Apple PT to $240, Maintains Overweight Rating

Morgan Stanley Raises Apple PT to $240, Maintains Overweight Rating

Morgan Stanley has increased its price target for Apple (NASDAQ:AAPL) to $240, up from $235, while maintaining an Overweight rating on the stock [1]. The investment bank cited Apple’s robust performance in the June quarter, which exceeded expectations across Product, Services, and gross margins. Apple’s revenue growth of 4.91% over the last twelve months and its strong guidance for the September quarter revenue of $101 billion have contributed to the upward revision. Additionally, Morgan Stanley noted Apple’s detailed insights into AI and infrastructure spending during its earnings call.

However, Morgan Stanley also identified significant risks, including the imminent announcement of Section 232 tariffs and the upcoming US v. Google (NASDAQ:GOOGL) remedy ruling, which could impact Apple’s momentum. Despite these risks, the firm remains optimistic about Apple’s financial health and strategic direction.

In other recent news, Apple reported its fiscal third-quarter earnings for 2025, surpassing analyst expectations with a revenue of $94 billion and earnings per share (EPS) of $1.57. These strong results underscore Apple’s continued financial performance amidst market dynamics.

References:
[1] https://www.investing.com/news/analyst-ratings/apple-stock-price-target-raised-to-240-from-235-at-morgan-stanley-93CH-4165297