Apple Inc. (NASDAQ:AAPL) is considered one of the best forever stocks to buy by hedge funds. Morgan Stanley raised its price target to $315 from $305 on December 17. The investment bank foresees a hit to Apple’s gross margins due to higher input costs for memory.

iPhone shipments are expected to rise slightly with a longer replacement cycle. Apple plans to expand its iPhone lineup to include up to seven models by fall 2027, including a foldable iPhone in fall 2026. Apple has also partnered with General Motors to integrate Apple Music into Chevrolet and Cadillac models.

Apple Inc. (NASDAQ:AAPL) is known for its consumer electronics, software, and online services. While AAPL is seen as a solid investment, some believe certain AI stocks offer more upside potential with less risk. Consider exploring undervalued AI stocks that could benefit from current trends.

Disclosure: None. This article was originally published by Insider Monkey.

Read more at Yahoo Finance: Morgan Stanley Lifts Apple Inc. (AAPL) Price Target on Earnings Growth Expectations