Apr 28, 09:59 AM

Morgan Stanley and JPMorgan Raise Apple Price Targets to $235 and $245 With Overweight Ratings Ahead of Fiscal Q2 Earnings

Morgan Stanley and JPMorgan have both raised their price targets for Apple Inc. (AAPL) shares ahead of the company's fiscal second-quarter earnings report. Morgan Stanley increased its price target to $235 from $220 while maintaining an Overweight rating, though it noted that the upcoming earnings announcement may not serve as a major catalyst, expecting shares to remain range-bound near $170 in the near term. JPMorgan also maintained an Overweight rating, raising its price target to $245 and expressing optimism about better-than-feared outcomes for both revenues and gross margins despite challenges such as demand disruptions and tariff-related cost pressures. The positive outlook from these major financial institutions reflects confidence in Apple's revenue potential amid current market conditions.

#Morgan Stanley #JPMorgan #AAPL #Apple

Written with ChatGPT (GPT-4).

Morgan Stanley and JPMorgan Raise Apple Price Targets to $235 and $245 With Overweight Ratings Ahead of Fiscal Q2 Earnings

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