AAPL Shares Hit Another All-Time High as Morgan Stanley Raises Apple Price Target to $200
Apple shares closed at a new all-time high today, rising 3.5% to finish the regular trading day at $171.18. Shares have also gained another 1% in after-hours trading, touching $173.
Apple's stock is up over 32% this year and almost 14% in just the past month, with the company reaching a market capitalization of $2.8 trillion.
It's mostly been a fairly steady march upward for Apple shares over the past several months, with only a couple of significant dips including one last week following word that Apple has warned suppliers of weakening iPhone demand.
Apple's stock quickly rebounded from that dip, and today's high comes as prominent Morgan Stanley analyst Katy Huberty raised her price target for Apple's shares from $164 to $200, citing the potential of augmented reality and autonomous vehicles for Apple.
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Update — 10 a.m. Pacific Time: Apple has released iOS 27.
During its iPhone 18 Pro and iPhone Duo event last week, Apple announced that iOS 27 will be released widely on Monday, September 14.
iOS 27 should be available around 10 a.m. Pacific Time / 1 p.m. Eastern Time today via the Settings app, under General → Software Update.
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