Apple (AAPL) just announced its Apple Vision Pro will be available beginning Friday, February 2, at all U.S. Apple Store locations and the U.S. Apple Store online.
“Vision Pro is a revolutionary spatial computer that transforms how people work, collaborate, connect, relive memories, and enjoy entertainment,” says the company.
Even better, Morgan Stanley also believes Apple’s weakness is an opportunity.
The firm noted, “While near-term Product demand remains uneven (vs. Services outperforming), we believe this is captured in recent underperformance,” analysts at Morgan Stanley reiterated an Overweight rating and $220 price target on the stock. Morgan Stanley believes that after 9 points of underperformance vs the S&P 500 in the last month, Apple shares are oversold, and they’d be buyers of weakness, as noted by Investing.com.
JP Morgan also maintained its overweight rating on the stock, with a $225 price target.
Apple is also a top tech pick for Wedbush, which has a $250 price target. “In a nutshell, 2024 is the year for [Apple CEO Tim] Cook & Co. to show iPhone growth again and further monetize its golden installed base that Cupertino has built,” noted the firm.
