Apple (AAPL) price target raised to $180 by Morgan Stanley

Published: October 12, 2007, 7:35 am

Tags: aapl, apple share price, apple inc, apple inc, appleshareprice, morgan stanley, morganstanley, ms, stock, upgrade

Filed under: Analyst upgrades and downgrades, Good news, Apple Inc (AAPL)Apple, Inc. (NASDAQ: AAPL) continued to see its highest-ever share price this week, closing yesterday right under $163 per share. Right at the time this post was being written, AAPL shares stood at $165.58, up over 2% from yesterday's close. Are the company's shares headed to $200?In an easy answer, yes they are -- but the question is, will it happen this year? That depends on iPhone sales numbers plus sales for its newer iPod products, released just in time for holiday pickings in standard Apple release schedule fashion.Morgan Stanley (NYSE:MS) wisely upped its price target on Apple from $150 to $180 this week, citing the iPhone's forecasted ability to drive "more ancillary revenue" than the investment house's previous guessed. In addition, Morgan Stanley said that market estimates still are not taking into account Apple's "true operating margin potential."With the company settled in for yet another blockbuster

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