Barclays Reiterates an 'Overweight' on Apple (AAPL); NAND Adoption Expected Near-Term
Get Alerts AAPL Hot Sheet
Price: $169.89 --0%
Rating Summary:
39 Buy, 25 Hold, 7 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 9 | Down: 14 | New: 1
Rating Summary:
39 Buy, 25 Hold, 7 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 9 | Down: 14 | New: 1
Join SI Premium – FREE
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.
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- RBC Capital Downgrades Range Resources (RRC) to Sector Perform
- Stifel Downgrades Knight Transportation (KNX) to Hold
- Morgan Stanley Downgrades Mobileye N.V (MBLY) to Underweight
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
BarclaysSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!