Apple stock gains momentum as analysts praise the new foldable iPhone and AI-enhanced Siri, with Morgan Stanley setting a $360 target on expectations of a significant product-led growth cycle.
Morgan Stanley reiterated an Overweight rating and $360 target, citing a more exciting product lineup including a foldable iPhone, which reinforced bullish momentum.
Apple shares are rallying after the company unveiled its first foldable iPhone and significant AI upgrades during its September 9 product event. Morgan Stanley reiterated an Overweight rating and $360 price target, citing a more compelling innovation cycle that could drive above-trend growth through fiscal year 2027.
Morgan Stanley believes Apple's latest hardware and software innovations, specifically the foldable iPhone and AI-driven Siri upgrades, are more compelling than recent cycles and signal strong growth through 2027.