Piper Jaffray analyst Gene Munster was out pounding the table on Apple Inc. (NASDAQ:AAPL), reiterating an Overweight rating and price target of $151, which represents a potential upside of 38% from where the stock is currently trading.

Munster wrote, “Our core thesis on AAPL remains that investors should own the stock for two shots on goal over the next year. First, there is a small chance the iPhone 7 surprises positively and drives growth above levels of the iPhone 6 cycle. Second, and more likely, in our view, the iPhone 7 is incremental as expected and the iPhone 7S/8 (10th anniversary device) is a more meaningful update with a large pool of 2-3 year old device owners for upgrade, creating a “super-cycle.” Beyond the super-cycle, we believe there are four categories to consider for innovation over the next 10 years: phone evolution, augmented reality, virtual reality, and the car. This note explores the potential among each of those categories.”

According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Gene Munster has a yearly average return of 18.3% and a 66.0% success rate. Munster has a 14.4% average return when recommending AAPL, and is ranked #7 out of 4124 analysts.

Out of the 50 analysts polled by TipRanks, 39 rate Apple stock a Buy, 8 rate the stock a Hold and 3 recommend Sell. With a return potential of 14.7%, the stock’s consensus target price stands at $125.07.