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2021-07-16

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Wall Street's top-ranked Apple analyst hikes price target as iPhone optimism gains steam

The improving outlook for the iPhone means Apple’s stock still has double-digit upside even after it

Wall Street's top-ranked Apple analyst hikes price target as iPhone optimism gains steam

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street's top-ranked Apple analyst hikes price target as iPhone optimism gains steam\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-15 20:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/07/15/morgan-stanley-hikes-apple-stock-price-target-as-iphone-optimism-gains-steam.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The improving outlook for the iPhone means Apple’s stock still has double-digit upside even after its recent jump, according to one of the top tech analysts on Wall Street.\nMorgan Stanley’s Katy ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/15/morgan-stanley-hikes-apple-stock-price-target-as-iphone-optimism-gains-steam.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.cnbc.com/2021/07/15/morgan-stanley-hikes-apple-stock-price-target-as-iphone-optimism-gains-steam.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1135389038","content_text":"The improving outlook for the iPhone means Apple’s stock still has double-digit upside even after its recent jump, according to one of the top tech analysts on Wall Street.\nMorgan Stanley’s Katy Huberty — Institutional Investor’s No. 1-ranked analyst in 2020 for technology hardware — raised her price target for Apple heading into the company’s fiscal third-quarter earnings report. Huberty said in a note to clients Thursday that the recent jump for the stock has not fully priced in a strong iPhone launch later in the year.\n“While share price performance post earnings may be more muted given Apple’s recent outperformance, we are buyers heading into the iPhone 13 launch in September,” Huberty said.\nThe new target is $166 per share, up from $162 previously, representing 11% upside from where the stock closed Wednesday.\nThe stock has jumped nearly 20% since the start of June, a move fueled byreports that Apple is ramping up production of its next generation iPhones. Huberty said in the note that there are several reasons to expect that the iPhone 13 will be a bigger success than its historical counterparts.\n“We see the combination of mature replacement cycles, increasing 5G adoption, improving retail store traffic, longer battery life and camera quality, and share gains against Huawei as drivers of iPhone outperformance relative to past s-cycles,” the note said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":95,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":5,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}