Apple stock receives reaffirmed overweight ratings from major banks

Financial analysts have maintained positive outlooks for Apple Inc. stock. Morgan Stanley reaffirmed an ‘overweight’ rating for the company with a price objective of $360.00, suggesting a potential upside of approximately 10.43%.

JPMorgan also maintained an ‘overweight’ rating for Apple, setting a price target of $340.00. Analysts noted that the upcoming iPhone generation presentation is expected to be significant, particularly with the focus on premium models and potential interest in a foldable ‘iPhone Ultra’. The performance of the stock remains closely tied to iPhone revenue growth and pricing strategies.