Morgan Stanley sees Apple rallying more than 20%, says investors should look past near-term headwinds

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Morgan Stanley sees Apple rallying more than 20%, says investors should look past near-term headwinds
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Analyst Erik Woodring reiterated Apple as his top pick. He also increased the price target by $5 to $180, which implies an upside of 23.4%.

Investors should look beyond Apple 's near-term challenges to see strong catalysts on the horizon, according to Morgan Stanley. Analyst Erik Woodring reiterated the stock as his top pick with an overweight rating. He also increased the price target by $5 to $180, which implies an upside of 23.4% from Thursday's close.

mountain AAPL in 2023 — CNBC's Michael Bloom contributed to this report.

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