Morgan Stanley reiterated its 'Overweight' rating on Apple, raising the price target from $330 to $360. This valuation is driven by Apple's ability to leverage its massive user base and the new 'Apple Intelligence' features and Siri enhancements unveiled at WWDC 2026. The firm highlighted Apple's strong foundation for the AI era, which coincides with reports of potential future hardware innovations like a foldable iPhone.
OpenAI plans a public listing later this year as Taiwan considers tightening export controls on advanced AI semiconductor technology to China.
Read the full storyA new analysis reveals that hardware constraints and memory requirements will prevent over 1.3 billion existing iPhones from accessing Apple's advanced AI-powered Siri.
The bank raised its AAPL price target following WWDC 2026, citing new AI features and Siri upgrades as primary catalysts for future growth.
Morgan Stanley maintained its Overweight rating for Apple, highlighting the tech giant's ability to leverage its massive user base for AI growth without excessive infrastructure spending.