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Morgan Stanley: Apple stock might be ‘turning the corner’

MacDailyNews

Aug 19

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Morgan Stanley has recently shared insights on Apple in notes to clients. On August 15, 2025, analyst Erik Woodring suggested that Apple’s stock might be “turning the corner,” citing stronger-than-expected iPhone demand in China, with an 8% increase in iPhone build estimates for September due to robust June quarter sales.

He noted this could lead to higher estimates and stock multiple expansion.

Earlier, on February 3, 2023, despite a rare earnings miss, Woodring maintained a bullish outlook, emphasizing Apple’s high gross margins and services growth as long-term positives, with a $175 price target.

MacDailyNews Note: Additionally, on June 2, 2023, Woodring highlighted Apple’s potential $20 billion AR/VR platform, raising the price target to $190, anticipating a significant long-term payoff from visionOS and subsequent iterations of Apple Vision products.

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