Morgan Stanley Lowers Apple Price Target to $355

Morgan Stanley has revised its price target for Apple Inc. to $355 from $360 while maintaining an Overweight rating on the shares.

The firm noted that Apple's product roadmap is among the most exciting in over a decade, but the earnings outlook changed little following the iPhone launch.

According to Morgan Stanley, the stock has surged over 30% in the past six months and currently trades at $333 with a market capitalization of $4.86 trillion.

The company's P/E ratio stands at 38.5, with consensus EPS estimates of $8.93 for fiscal 2026.