1 Wall Street Analyst Thinks Apple Stock Is Going to $273. Is It a Buy?
Apple(AAPL) The Motley Fool·2024-12-02 19:16
The stock of Apple (AAPL 1.02%) is up 22% year to date in 2024, but Morgan Stanley analyst Erik Woodring weighed in this week by maintaining an overweight (buy) rating on the shares with a price target of $273. This implies upside of 15% over the current $237 share price.Woodring still sees artificial intelligence (AI) becoming a key catalyst for iPhone sales over the next year. But it's uncertain how much an increase in sales will affect the stock's performance given its premium valuation.Will Apple Intell ...