Morgan Stanley sees a “slightly challenging near-term setup” for Apple ahead of earnings, expecting limited upside to quarterly results and possibly softer holiday-quarter guidance. It kept an Overweight rating and $355 price target, about 4.6% above Apple’s $339.50 close, and expects December-quarter revenue growth slightly below estimates. Apple’s latest quarterly revenue rose 16% to $109.4 billion, with a 50.1% gross margin that included about two percentage points from tariff refunds. Loop Capital downgraded the stock to ‘Hold’ and cut its target to $330 from $370, saying Apple had reduced planned iPhone shipments by 10%. Apple reports on November 2, and its shares have risen over 26% so far this year.
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Related tickers and likely impact
AAPL
▼ Likely negativeApple Inc.
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Technology Hardware, Storage & Peripherals |
| Market cap | $5.0T |
| Close on 10/20/2026 | 339.50 |
| Change that session | -1.00% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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