Piper Jaffray analyst Gene Munster came out today with a research note on Apple Inc. (NASDAQ:AAPL), maintaining an Overweight rating on the stock with a price target of $160, after conducting the ‘Spring 2015 Taking Stock With Teens’ survey, which offered few surprises in terms of the teen market’s desire for Apple products. Apple shares are currently trading at $126.24, down $0.06, or 0.05%.

Munster noted, “In terms of iPhone, 66% of teens own an iPhone vs 67% in Fall-2014, essentially unchanged. We believe we are reaching a point where iPhone demand for teens could be approaching a maximum level considering 72% of teens expect their next phone to be an iPhone vs our estimate of 40% iPhone US market share in total.”

Furthermore, “On the Watch, 11% of teens expect to buy a watch with the greatest reason being the design of the Watch. Overall we view the Watch demand as essentially in-line with our conservative view on the initial sales figures of the Watch.”

According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Gene Munster has a total average return of 28.0% and a 71.9% success rate. Munster has a 31.6% average return when recommending AAPL, and is ranked #2 out of 3574 analysts.

The 12-month consensus target price on AAPL is $137.61, showing a return potential of 8.97%% based on the current stock trading price. Out of 84 analysts who cover Apple stock, 62 gave it a Buy rating, 20 recommended a Hold whereas only two rated it a Sell.