Apple is still cheap at $2 trillion, Morgan Stanley says

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For subscribers: Apple is still cheap at $2 trillion, Morgan Stanley says. Check out CNBCPro today.

's historic surge should continue until the market fairly values all the parts of the business, Morgan Stanley said in a new note.

The tech stock went on a tear last week, gaining 8.5% in four sessions and becoming the first U.S. company to reach . Still, Morgan Stanley argued that the company is undervalued based on its free cash flow versus its tech peers, and the firm raised its price target on the stock.

 

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Pro Gosh, thank you MS for helping the public out with that fantastic advice. I have no idea why the public has such a negative view of you. I mean you had no role in the '08 meltdown. It really irks me when I hear all that gossip. God Bless!

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Pro Love to hear it

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