Morgan Stanley considers Apple as its top pick, benefiting from the advantages brought by artificial intelligence platforms

Zhitong
2024.07.15 11:32

Apple Inc. has been listed as a top pick by Morgan Stanley. Morgan Stanley believes that the launch of this tech giant's artificial intelligence platform will trigger a record-breaking wave of user upgrades for smartphones, tablets, and computers. Analyst Erik Woodring has raised the target price for Apple stock to $273, ranking third highest among analysts tracked by institutions, citing the potential for Apple Intelligence to drive record device upgrade numbers. In a report on Monday, he wrote that this feature is a "significant catalyst" for the multi-year upgrade cycle. The highest target price for Apple stock comes from Loop Capital, which upgraded the stock from hold to buy on Monday and raised the target price from $170 to $300

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