Institutional ownership of Apple shares increased in the June quarter, though the percentage is still down year-over-year because of a massive sequential decline earlier in 2021, Morgan Stanley says.
Katy Huberty from Morgan Stanley has hiked the firm's Apple stork target price to $166, based on the June quarter results hitting $74.7 billion in revenue for Apple and continued future iPhone and Services strength.
Apple App Store growth estimates for June suggest strong Services outperformance and increases Morgan Stanley's confidence of a significant June quarter earnings beat.
Investment bank Morgan Stanley is increasingly confident that Apple will both outperform in the June quarter and show solid growth across its products in 2022.
Apple's WWDC keynote could be more of a catalyst for Apple stock than what has historically been seen, largely due to a focus around Apple Silicon, Morgan Stanley says.
After a weaker-than-expected April, Morgan Stanley's Katy Huberty says that the App Store is trending ahead of forecasts in May — which could be a sign that Apple is on track to outperform in the June quarter.
Institutional ownership of Apple shares of stock saw the largest sequential decline since 2013 in the March quarter, though the company is still positioned for growth, Morgan Stanley's Katy Huberty says.
Demand for Apple's iPhone and other products remains healthy suggesting that the the dip in Apple's stock price is temporary, investment bank Morgan Stanley says.
Morgan Stanley Katy Huberty expects Apple App Store revenue will grow less than expected in the June quarter, though its long-term outlook remains unchanged.
Apple's most recent 10-Q signals a sustainable expansion of the company's gross margins, room for iPhone growth in the June quarter, and positive data points for Services, JP Morgan's Katy Huberty says.
Morgan Stanley has raised its AAPL price target to $161 from $158 after Apple reported better-than-expected and record-setting earnings for its second quarter.
Morgan Stanley has raised its 2021 and 2022 Apple Services revenue forecast, but has revised its AAPL price target down to $156 to reflect warier investor outlooks surrounding the company's peers.
Investment bank Morgan Stanley calls recent reports of weaker iPhone demand "supply chain noise," and sees the AAPL pullback as a buying opportunity for investors.
Apple smartphone share in China continues to grow due to high iPhone 12 demand, with Morgan Stanley expecting a strong March quarter on the strength of January sales.
Amid reports that Apple is building out its "Apple Car" production capabilities with Kia, Morgan Stanley analysts said that investors are likely underestimating the impact Apple could have on the market.
Apple's App Store and demand for notebook computers like the MacBook are both off to a strong start in the first month of 2021, according to Morgan Stanley.
Morgan Stanley has raised its AAPL price target to $164 on blockbuster Apple December quarter results, and said that products like the iPhone could see continued strength in the second quarter.
Morgan Stanley has raised its Apple price target to $152 on expectations of a strong December quarter across its product and services portfolio.
Morgan Stanley believes that Apple will be one of the main beneficiaries of another year of growth in the PC market as users switch to remote work and using notebooks instead of desktops.
Investment bank Morgan Stanley believes the "Apple Car" has an opportunity to drive down the normally razor-thin margins of the auto industry and pose a threat to Tesla.
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Mike Peterson
Mike Wuerthele
Wesley Hilliard
