Shares of Apple could gain nearly 29% over the next 12 months.
Wedbush analysts say tthe srock will rise based on demand for the new iPhone 12.
On Wednesday, Wedbush upgraded its Apple 12-month price target to $160 from $150.
The analysts are maintaining their "outperform" rating for the stock.
Wedbrush says demand for the iPhone 12 has been the biggest since 2014's iPhone 6.