Barclays Reiterates an 'Overweight' on Apple (AAPL); iPad Rising in Corporate; Is a Low-End iPhone Coming Soon?
Tweet Send to a FriendGet Alerts AAPL Hot Sheet
Price: $431.77 -0.05%
Rating Summary:
52 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Rating Summary:
52 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Trade AAPL Now!
Barclays reiterates an 'Overweight' on Apple (NASDAQ: AAPL), PT $450.
Barclays analyst says, "We continue to believe that Apple's valuation is attractive and that the shares can benefit from strong iPad and iPhone 4 demand, Mac share gains, significant international expansion, and a pipeline of new innovations...Our research indicates the iPad is picking up steam in corporations. The product can reduce printing costs, give medical data on the go and is showing up in more hotel lobbies. We believe that Apple is a major beneficiary of the "Consumerization of IT" as employees demand that personal devices are supported in the workplace."
"Apple may be working on a new low-end line of iPhones intended for sale this
summer. The new device is said to be about half the size of the iPhone 4 and would be available to carriers at about half the price of current iPhones."
For more ratings news on Apple click here and for the rating history of Apple click here.
Shares of Apple closed at $359.18 yesterday, with a 52 week range of $195.71-$360.00.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Barclays analyst says, "We continue to believe that Apple's valuation is attractive and that the shares can benefit from strong iPad and iPhone 4 demand, Mac share gains, significant international expansion, and a pipeline of new innovations...Our research indicates the iPad is picking up steam in corporations. The product can reduce printing costs, give medical data on the go and is showing up in more hotel lobbies. We believe that Apple is a major beneficiary of the "Consumerization of IT" as employees demand that personal devices are supported in the workplace."
"Apple may be working on a new low-end line of iPhones intended for sale this
summer. The new device is said to be about half the size of the iPhone 4 and would be available to carriers at about half the price of current iPhones."
For more ratings news on Apple click here and for the rating history of Apple click here.
Shares of Apple closed at $359.18 yesterday, with a 52 week range of $195.71-$360.00.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Next Big Thing from Apple (AAPL) Could be a Big Flop - Analyst
- Mobile Device Exec Sees Dark Days Ahead for Microsoft (MSFT) Windows Phone (NOK) (AAPL)
- Weakness in Samsung Galaxy S4 Sales Opens Doors for Peers (BBRY) (MSFT) (AAPL)
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Barclays, iPhone 4
Login with Facebook
Sign 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!
