Barclays Reiterates an 'Overweight' on Apple (AAPL); iCloud, the New Digital Hub
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Price: $305.59 -0.11%
Rating Summary:
45 Buy, 28 Hold, 9 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
45 Buy, 28 Hold, 9 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
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Barclays reiterates an 'Overweight' on Apple (NASDAQ: AAPL) price target of $555.00.
Barclays analyst says, "iCloud the New "Hub": Long term, we believe that iCloud could be Apple's most important new service since the launch of iTunes in 2003. We believe Tim Cook clearly understands how important iCloud is to Apple's future. A truly reliable cloud service that frees customers from wires should foster more customer loyalty and convenience, in our view. Furthermore, iCloud fully monetizes users' investments in iTunes over the years - and through iTunes Match, your prior music investments not through iTunes - across all devices. We agree with Tim Cook - iCloud is profound. It basically makes the cloud the digital hub - not the Mac or PC. Furthermore, iCloud lays the groundwork, in our opinion, for a foray not only into TVs, but devices we haven't thought of yet."
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 $399.73 yesterday.
Barclays analyst says, "iCloud the New "Hub": Long term, we believe that iCloud could be Apple's most important new service since the launch of iTunes in 2003. We believe Tim Cook clearly understands how important iCloud is to Apple's future. A truly reliable cloud service that frees customers from wires should foster more customer loyalty and convenience, in our view. Furthermore, iCloud fully monetizes users' investments in iTunes over the years - and through iTunes Match, your prior music investments not through iTunes - across all devices. We agree with Tim Cook - iCloud is profound. It basically makes the cloud the digital hub - not the Mac or PC. Furthermore, iCloud lays the groundwork, in our opinion, for a foray not only into TVs, but devices we haven't thought of yet."
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 $399.73 yesterday.
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