Apple's stock price isn't keeping up with the demand for its productsKaty Huberty thinks there is a bounce-back waiting for Apple stock.
What you need to know
Morgan Stanley analyst Katy Huberty released a new investor note.
The analyst believes the recent underperformance of the stock price is "likely overdone."
Apple's stock price is seeing a bit of a dip despite overwhelming demand for its products and stellar financial performance as of late.
As reported by AppleInsider, Katy Huberty, lead analyst for Morgan Stanley, wrote an investor note that says the stock price should catch back up and that its dip is only temporary.
In a note to investors seen by AppleInsider, lead analyst Katy Huberty writes that supply chain data analysis suggests that iPhone demand hasn't slowed. As a result, there's potential upside to Morgan Stanley's June quarter iPhone forecast.
The bank's Asia supply chain team recently raised its June quarter iPhone build forecast to 44.5 million units, up from 43 million, based on better-than-expected demand for the i...
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Apple's stock price isn't keeping up with the demand for its products
