Apple To $355? Here Are 10 Top Analyst Forecasts For Thursday
Key takeaways
- Morgan Stanley trimmed Apple’s target to $355, nudging the stock slightly lower in analyst expectations amid a market-wide recalibration of valuations.
- Morgan Stanley target: $355
- Citigroup HPE target: $92
- Goldman Sachs PSX target: $274
What happened
Morgan Stanley cut Apple Inc. The move follows a broader trend of analysts adjusting targets across the market, with Citigroup raising HPE to $92, Goldman Sachs boosting PSX to $274, Mizuho lifting MU to $1,400, and Guggenheim raising NFLX to $80. Other firms lowered targets: Raymond James slashed LQDA to $53, JP Morgan cut ZION to $65, Evercore ISI trimmed WFC to $90, and UBS raised DT to $74.
Why it matters
The change may influence institutional portfolio rebalancing and affect short‑term trading activity as investors reassess Apple’s valuation relative to peers. It also reflects broader market dynamics where firms are recalibrating expectations amid evolving supply‑chain and earnings outlooks.
Short-term and longer-term
Short-term. Short‑term traders should watch AAPL’s 52‑week range and the $355 target as a potential resistance level.
Longer-term. Long‑term investors should consider whether the $355 target reflects a realistic valuation given Apple’s strong cash flow generation and product pipeline.