Barclays Reiterates an 'Overweight' on Apple (AAPL); NAND Adoption Expected Near-Term

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Barclays reiterates an 'Overweight' on Apple (NASDAQ: AAPL) price target of $750.00.

Analyst, Ben A. Reitzes, notes that Apple customers have been willing to pay premium prices for it's devices that currently use HDD based storage. However, Reitzes believes that Apple will be launching a refreshed line of MacBooks equipped with NAND storage very soon. He believes that the refreshed launch of products plus a possible 7" tablet will help drive continued near-term growth. An expectation for an improved iCloud should be announced during the World Wide Developers Conference in San Fran June 11-15 as well.

For an analyst ratings summary and ratings history on Apple click here. For more ratings news on Apple click here.

Shares of Apple closed at $572.27 yesterday, with a 52 week range of $310.50-$644.00.

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