Apple Remains the 'Top Pick' at Morgan Stanley, Which Sees AI Driving iPhone Sales
Apple(AAPL) Investopedia·2024-12-14 02:56
Key TakeawaysMorgan Stanley kept Apple as its "Top Pick" for 2025 as the bank sees the tech giant's artificial intelligence (AI) product driving iPhone sales.Morgan Stanley analysts said Apple is on the cusp of "its largest device upgrade cycle ever."Morgan Stanley reiterated its "overweight" rating and price target of $273, above Apple's record close near $248 on Thursday. Apple (AAPL) remained Morgan Stanley's "Top Pick" heading into 2025, with the Wall Street bank saying that the tech giant’s artificial ...