Canaccord Genuity Reiterates a 'Buy' on Apple (AAPL); New iPad Extends Tablet Lead
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Price: $305.93 +0.22%
Rating Summary:
44 Buy, 29 Hold, 9 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
44 Buy, 29 Hold, 9 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Canaccord Genuity reiterates a 'Buy' on Apple (NASDAQ: AAPL) price target of $665.00.
Analsyt, T. Michael Walkley, said, "We attended the Apple iPad launch event and were impressed with both the features and pricing of the new iPad relative to competing tablet offerings announced at CES and MWC. We believe Apple will maintain its dominant market share of the fast-growing tablet market despite increased competition. Further, our February checks indicate strong global iPhone sales, and we believe Apple is growing its smartphone market share."
"We believe the new iPad has raised the bar relative to competing tablets with impressive hardware specifications, competitive pricing, and the leading software ecosystem that includes over 200k iPad-specific applications."
NOTE - Apple remains a 'Top Pick' from Canaccord Genuity
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 $530.69 yesterday.
Analsyt, T. Michael Walkley, said, "We attended the Apple iPad launch event and were impressed with both the features and pricing of the new iPad relative to competing tablet offerings announced at CES and MWC. We believe Apple will maintain its dominant market share of the fast-growing tablet market despite increased competition. Further, our February checks indicate strong global iPhone sales, and we believe Apple is growing its smartphone market share."
"We believe the new iPad has raised the bar relative to competing tablets with impressive hardware specifications, competitive pricing, and the leading software ecosystem that includes over 200k iPad-specific applications."
NOTE - Apple remains a 'Top Pick' from Canaccord Genuity
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 $530.69 yesterday.
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