Apple Stock News: Morgan Stanley Raised Price Target To $160
Morgan Stanley analyst Katy Huberty has a new, extremely bullish note on Apple, where she has raised the base target price for the company from $130 to $160. She notes that Apple is the world’s most valuable technology platform, with very loyal customers willing to pay a premium for the best user experience. This being the case, its current Price to Earnings (P/E) ratio of 15 is too low, and should be closer to 18 in line with large-cap technology companies Microsoft, Google, and Facebook.