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After strong earnings, Morgan Stanley inches up AAPL target to $275
Apple's latest earnings have impressed some investment advisors, with Morgan Stanley inching its Apple stock price target up to $275 mostly because of the long-term strength of Services.
While Apple's iPhone sales came in at a bit over $600 million dollars short of the year-ago quarter, there was enough good news in the report for a firm generally bullish on AAPL to increase its price target. Other factors cited in the slight AAPL target increase include Apple probably taking advantage of NAND and DRAM commodity pricing decreases to stock up for future savings. Cook skillfully managed to convince the first Trump administration to make changes to levied tariffs, so Apple wasn't directly impacted by them.
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