Apple Outperforms Tech Peers Amid Broader Sell-Off, Morgan Stanley Raises Price Target to $235

Apple shares are showing relative strength compared to the rest of the Magnificent Seven today, down just 0.10% as of the time of writing. In comparison, Amazon and Google are both down around 2%, Nvidia has fallen 4%, and Tesla is off by 3%. Apple’s relative resilience follows an upgrade from Morgan Stanley earlier today, helping it weather the broader tech sell-off.

Morgan Stanley remains bullish on Apple, focusing on its strong market position. The firm doesn’t expect the upcoming earnings report to significantly impact the stock, and analysts believe the price will remain stable, with $170 as key support. In line with its positive outlook,

Morgan Stanley raised its price target for Apple to $235 from $220.