Morgan Stanley sees 75% upside

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A recent pullback in Apple Inc (NASDAQ: APL) is an opportunity to buy, as a bullish case could see the stock trade at $235 a share — according to a Morgan Stanley analyst.

Here’s why Apple stock is worth buying

This indicates a 75% upside from here.


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The iPhone maker has taken a hit on supply concerns since mid-August (Detailed here) However, Eric Woodring said in a note this morning:

While most investors focus on supply disruption, we believe it overlooks the strength and health of Apple’s ecosystem.

The tech behemoth has more than a billion incredibly loyal users worldwide — and that less temptation should adequately address concerns about softening demand, he said. while writing, Apple stock It is down almost 25% from its recent high.

Apple has room to grow its core business

Woodring’s base case is that the multinational should trade at $175 per share. That still represents a 30% premium over its current price.

He noted that within its existing product lines, Apple could expand its footprint in emerging markets to drive growth without relying entirely on its next iPhone lineup. Another reason he recommends it Buying Apple Shares.

Any share displacement provides an opportunity to own one of the highest-quality technology platforms with a first-rate management team and continues to trade at its 5-year average PE ratio.

Now that China is reopening, the supply side will be better for Apple Inc. The Nasdaq-listed company is committed to Diversifying its supply chain as well as



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