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RSS FeedsApple target share price raised to $164 by Morgan Stanley
(iMore iPhone)

 
 

28 january 2021 15:44:03

 
Apple target share price raised to $164 by Morgan Stanley
(iMore iPhone)
 


The stock remains rated as `overweight` and `attractive`. What you need to know Morgan Stanley has raised its target share price for Apple to $164, up from $152. Analyst Katy Huberty cited faster iPhone share gains, installed base growth, and the monetization of services as reasons to expect continued strong revenue and margins. Morgan Stanley has raised its Apple target share price to $164, up from $152 on the back of Apple`s Q1 revenue report. In a new investment note, analyst Katy Huberty stated: `Faster iPhone share gains, installed base growth, and services monetization were highlights of the better-than-expected F1Q. We expect Street estimates to move higher on a stronger rev guide and higher gross margin.` The note calls on investors to expect stronger revenue and margin trends to continue, and suggests that the combination of a larger installed base, `fully refreshed product portfolio`, and continued work from home trends `suggest strong double-digit growth over ...


 
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