On Thursday, Apple shares touched a market value of $2.5 trillion, as analysts offer optimistic outlook on the tech giant’s stock.
At Morgan Stanley, analyst Kathy Huberty boosted price target on Apple shares by $4 to $166 per share, emphasizing solid demand forecasts and improving supply-chain dynamics heading into Apple's iPhone 13 launch in the fall. Huberty also mentioned a Bloomberg report that suggested Apple is planning to build 90 million next-generation iPhones this year.
Earlier this week, JPMorgan analyst Samik Chatterjee included Apple to his 'analyst focus list'. Chatterjee hiked his price target by $5 to $175, citing a path to outperforming investor expectations over a longer time horizon versus just the upcoming earnings print.