Morgan Stanley (Morgan Stanley) analyst Katy Huberty said that now is the time to buy Apple stock on dips , and reiterated its “overweight” rating on the company’s stock and a target price of $130.
Huberty said that the upcoming new iPhone will have a positive effect on Apple’s stock price, and the data also show that the iPhone is occupying market share in China and Europe.
Huberty also said that the pace of reopening of Apple’s retail stores is also accelerating. Among its 512 retail stores, 446 have reopened one after another.
Apple’s stock price has fallen by more than 20% in about three weeks. After Apple announced its 1:4 share split, its stock price soared in August, becoming the first US company with a market value of over US$2 trillion. Since then, the company’s stock price has fallen all the way, and the absence of the new 5G iPhone at the latest autumn conference also disappointed the market.
As of press time, Apple’s share price was reported at 110.94 US dollars, an increase of 2.51%.
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