Morgan Stanley hikes Apple stock target to $166, expecting record June quarter earnings

Katy Huberty from Morgan Stanley has hiked the firm’s Apple stork target price to $166, based on the June quarter results hitting $74.7 billion in revenue for Apple and continued future iPhone and Services strength.

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In a note to investors seen by AppleInsider, Morgan Stanley’s Katy Huberty is not just increasing her stock price target on the strength of Apple’s June quarter, but also for the power of Apple’s 2022 product release cycle.

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