Morgan Stanley raises AAPL to $164 on Q1 2021 results, says Q2 outlook is strong

Morgan Stanley has raised its AAPL price target to $164 on blockbuster Apple December quarter results, adding that products like the iPhone could see continued strength in the second quarter.

Credit: Andrew O'Hara, AppleInsiderCredit: Andrew O’Hara, AppleInsider

In a note to investors seen by AppleInsider, Morgan Stanley analyst Katy Huberty said that some of the highlights of Apple’s Q1 2021 earnings report were “faster iPhone share gains, installed base growth, and services monetization.”

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