Morgan Stanley raises Apple target to $235

On April 28, 2025, Morgan Stanley raised its price target for Apple to $235 from $220, maintaining an Overweight rating, signaling strong confidence in the tech giant’s long-term growth potential. This adjustment reflects optimism about Apple’s robust financial health, particularly its strong free cash flow and undervalued Services segment, despite near-term uncertainties surrounding tariffs, AI advancements, and iPhone sales.
Morgan Stanley:‎Apple’s March quarter earnings