iPhone 15 Demand Outpaces Supply: Morgan Stanley Is Optimistic On Apple's Performance
Portfolio Pulse from Anusuya Lahiri
Morgan Stanley analyst Erik Woodring reiterated Apple Inc (NASDAQ:AAPL) with an Overweight and a $215 price target. The demand for iPhone 15 continues to outpace supply, with lead times for all models ahead of the iPhone 14 cycle. The analyst projects Q4 EPS of $1.39 vs. consensus of $1.30. AAPL shares traded higher by 0.73% at $176.03 on the last check Monday.
September 25, 2023 | 5:49 pm
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Morgan Stanley analyst Erik Woodring reiterated Apple Inc with an Overweight and a $215 price target. The demand for iPhone 15 continues to outpace supply, indicating strong performance for Apple.
The analyst's positive rating and the high demand for iPhone 15 indicate strong performance for Apple. This is likely to have a positive impact on Apple's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100