“Morgan Stanley showed significant confidence in Apple on Monday, raising their price target to $160 and expressing a belief to investors that the company can continue to grow its business,” Neil Hughes reports for AppleInsider.
“In her latest research note, analyst Katy Huberty raised her price target from a previous projection of $133,” Hughes reports. “And she’s also introduced a new ‘bull case’ scenario, in which she could see shares of Apple reaching $190 if the company outperforms her own expectations”
“Huberty’s positive outlook on Apple stems from her belief that the company’s users are the most loyal of any platform,” Hughes reports. “In addition, Apple users are willing to pay a premium for the superior experience that the company’s platform offers.”
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