- The shares of Apple (AAPL) recently received a $180 price target from Morgan Stanley. These are the details.
The shares of Apple (AAPL) recently received a $180 price target from Morgan Stanley.
Price target: $180
Rating: Overweight
Analyst firm: Morgan Stanley
Morgan Stanley analysts adjusted the rating based on data from Sensor Tower, which shows that Apple’s App Store net revenue declined 5% year-over-year in the month of September, which the analysts pointed out marks the slowest App Store growth going as far back as they have data (2015). And with data from the month of September finalized, it is estimated that the September quarter App Store net revenue reached $6.4 billion, which is down 2.1% year-over-year — which is in line with forecasts.
Citi analysts modeled about 8% year-over-year Services growth in the September quarter and there is a downside to the consensus estimate for 11% growth.
