“Cantor Fitzgerald initiated coverage on Apple (NASDAQ: AAPL) with a Buy rating and a price target of $777.00,” StreetInsider reports.

“Analyst Brian White thinks the stock is poised to rally ahead of its new product cycle,” StreetInsider reports. “Brian White was formerly with Topeka and at one point had an $1,111 price target on Apple.”

StreetInsider reports, “‘We believe the stock is in the midst of a recovery. In our view, Apple is on the verge of an extended product cycle that we believe will include a refresh of existing products, increased penetration within existing device categories and entirely new market opportunities,’ said White.”

Read more in the full article here.

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