Sending a signal to the Street that she finds the Apple bear case unpersuasive.
Read More Morgan Stanley's Katy Huberty raises her Apple target $1 to $162
"While WWDC hasn't historically been a major stock catalyst, it's become a more significant catalyst in recent years."
Read More Katy Huberty: What WWDC 21 means for Apple investors
April's showers, she reports, brought May flowers.
Read More Katy Huberty took a sneak peek at Apple's May App Store sales
Bad move, says analyst Katy Huberty, who sees Apple sustaining double-digit annual growth for at least the next five years.
Read More Morgan Stanley: Institutions fled Apple last quarter
"We believe Apple's recent underperformance is likely overdone." -- Analyst Katy Huberty
Read More Morgan Stanley: Apple's sales data and its stock price are headed for a showdown
Apple's App Store revenue in April was softer than she expected -- except in China.
Katy Huberty measures the FX headwinds and warranty accrual tailwinds behind the surprising 42.5% gross margin that Apple reported Wednesday.
Read More Morgan Stanley expects 40+% gross margins from Apple for foreseeable future
Analyst Katy Huberty expects Apple's shares to "re-rate" when the company reports its fiscal Q2 earnings next Wednesday.
Analyst Katy Huberty said "peer multiple pressure" drove her Apple target down. If anything, Apple is dragging down the FAAMG.
"It's the bargain of the group!" says Cramer, comparing Apple's valuation to the rest of the FAANG.
Read More Jim Cramer shrugs off Katy Huberty's Apple price target cut (video)
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