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

Apple Inc. (NASDAQ:AAPL) is one of the 10 Best American Tech Stocks to Buy. On April 30, Morgan Stanley increased its price target on Apple Inc. (NASDAQ:AAPL) from $315 to $330 and kept its Overweight rating, pointing to the company’s solid March quarter results and guidance for the June quarter.

In the March quarter, Apple Inc.’s (NASDAQ:AAPL) Services business grew by 16.3% compared to the same period last year, beating the guidance of around 14%. The company also gave a higher-than-expected gross margin outlook for the June quarter, forecasting it between 47.5% and 48.5%, despite higher memory costs.

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

In the first half of fiscal 2026, Apple Inc.’s (NASDAQ:AAPL) revenue grew by 16% year-over-year, while earnings per share (EPS) increased by 20%.

Morgan Stanley lifted its fiscal 2026 EPS estimate from $8.63 to $8.89 and its fiscal 2027 estimate from $9.76 to $10.23. The research firm kept its valuation multiple at 32 times earnings.

Apple Inc. (NASDAQ:AAPL) is an American multinational technology company that is known for its products like the iPhone, iPad, and Mac computers.

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