Morgan Stanley’s Latest Apple Stock Price Prediction (AAPL)
Apple stock (NASDAQ: AAPL) opened Friday’s trading session at $321 after falling 1.30% the previous trading session. Tech stocks are under the radar due to increased capital expenditure on building their AI infrastructure. Even Alphabet, which published strong Q2 revenues in its earnings call, fell nearly 7% after the company announced it would increase its capex on AI from $180 billion to $205 billion in 2026. This led to a sell-off in Google stock, resulting in a slump despite robust earnings.
On the heels of the tech sector being under the lens of scrutiny from Wall Street giants, leading global investment bank Morgan Stanley has reiterated its buy rating on Apple stock. The banking firm briefly hiked its price target for AAPL, indicating that the equity has upward steam. This makes the mobile phone maker a must-watch asset, as the financial firm remains confident in its prospects. The Magnificent Seven firms have been on the frontline of advancements, and this time the focus remains on AI.
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