Barclays Reiterates an 'Overweight' on Apple (AAPL); Expecting Significant News at World Wide Developers Conference

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

Analyst, Ben A. Reitzes, said, "We are expecting some significant new information to be released regarding new products and further developments around the Apple Ecosystem - the "glue" that sustains its momentum in our view. We believe it is important to see how excited developers are to make products on the Apple platforms. In the past, this excitement has served as a leading indicator for acceleration in sales of various products, especially iPads and iPhones."

Reitzes expects Apple to price MacBooks 'to move' and sees 11.9% quarter over quarter growth for Q4'12 and 14.9% year-over-year in FY12 (the upward growth trajectory is expected to increase attractive 'back-to-school' promotions)

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 $564.29 yesterday, with a 52 week range of $310.50-$644.00.

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