Fortunereportson a new research note from prominent Morgan Stanley analyst Katy Huberty citing strong sales of Apple’s iPad and the potential for increased growth in the iPhone segment from new models she predicts will carry lower total cost of ownership as drivers for Apple’s stock price over the next several years.

In a report to clients issued Friday, Morgan Stanley’s Katy Huberty offered one of her patented risk-reward snapshots of Apple (AAPL), this one even more optimistic than the last, thanks to what she sees as two new catalysts:

-The iPad launch in March.Huberty is anticipating unit sales of 6 million in calendar 2010, considerably higher than the Street’s consensus of 3-4 million

-New iPhones in June.She’s expecting new models that offer “both a lower total cost of ownership and new functionality, potentially including gesture-based technology”

Huberty doesn’t appear to have elaborated on the basis for her iPhone prediction or exactly what she means by “gesture-based