HomeTecNewsApple reached All-Time High as Morgan Stanley Ups AAPL's Share Price Target...

Apple reached All-Time High as Morgan Stanley Ups AAPL’s Share Price Target to $200

Apple shares closed today at a new all-time, up 3.5% to at $171.18. Apple dipped last week during the tech sector sell off, although did much better than many of its tech peers. Morgan Stanley’s Katy Huberty raised Apple’s price target from $164 to $200. Huberty arguement is based on new products such as augmented reality or virtual reality headsetfrom Apple, which she thinks aren’t yet baked into the share price.

Apple is up 14% this month and over 32% this year, with the market cap of $2.8 trillion, taking over Microsoft again. AAPL shares climbed 0.8% despite a report that the iPhone maker is expected to fall 15 million units short of its 230 million-unit goal this year due to supply chain problems.

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