Morgan Stanley has issued a research report, forecasting that Apple’s forthcoming Q2 financial performance and Q3 outlook will outperform market forecasts, likely propelling its stock price upward. The report indicates that the revenue growth from iPhones will compensate for the effect of memory price inflation on gross margins. Furthermore, the upcoming Global Developers Conference in June and the anticipated rollout of a foldable iPhone in September are seen as key factors that could spur further stock price appreciation, with projections suggesting the stock could hit $300 by September. Morgan Stanley continues to assign an 'Overweight' rating to Apple, maintaining a target price of $315. The report also highlights that robust sales from the iPhone, Mac, and services segments will mitigate the impact of escalating memory costs. It is expected that the Q3 earnings-per-share guidance will mostly align with market expectations, while the quarterly revenue for the periods ending in March and June is anticipated to surpass market forecasts by 1% to 5%, mainly due to increased iPhone shipments and Mac revenue.