The No. 1 Apple analyst sees a great long-term buying opportunity now

Apple at its current level offers a strong buying opportunity for the long term, according to Morgan Stanley.

The Wall Street firm's Apple analyst Katy Huberty — Institutional Investor's No. 1 ranked analyst in 2020 for technology hardware — said some investors are concerned about declines in the iPhone's cycle and a downturn in work-from-home demand. However, Huberty said neither concern is valid.