Could Apple's Stock Price Blast Past $300 in this iPhone Supercycle?

Morgan Stanley raised Apple's price target to $273 due to an AI-driven iPhone supercycle, envisioning shares climbing as high as $345. The supercycle could involve selling 500 million iPhones, 6% more than Apple's largest supercycle.

Apple's sales growth is expected to hit 11% annually till 2026. The 'Apple Intelligence' features have already boosted the stock from $190 to $228 by generating enthusiasm.

Read at 24/7 Wall St.