Morgan Stanley Keeps Apple at Overweight with USD 360 Target
Morgan Stanley has reiterated its 'Overweight' rating for Apple stock and set a price target of USD 360.00, citing strong demand for the iPhone 18.
The analyst view rests on early iPhone 18 lead times, which remained broadly flat year over year, while premium iPhone production rose by 18.00 percent in the second half of 2026 compared to the same period last year.
Apple's fiscal third quarter ended June 27, 2026, with total revenue of USD 109.4 billion, up 16.00 percent year over year. Net income reached USD 29.8 billion, diluted earnings per share were USD 2.02, and operating cash flow was USD 34.4 billion.
The next earnings report is scheduled for October 29, 2026, with consensus estimates of USD 1.98 earnings per share and USD 113.21 billion in revenue. Apple's stock holds near its yearly high, with a Nasdaq 52-week range of USD 243.42 to USD 345.34 as of September 30, 2026.