It has been a great week for the tech wizards and moguls at Apple Inc. (NASDAQ:AAPL) headquarters and RBC Capital analyst Amit Daryanani sees every reason that the tech titan is in a stellar position to continue to excel.

The analyst highlights “several tailwinds for AAPL that should continue to bolster the stock higher from here,” reiterating an Outperform rating with a $117 price target, which represents a nearly 5% increase from where the stock is currently trading.

First, Darvanani believes troubles at Samsung with its Galaxy Note 7 could be a catalyst for share gains, which he adds is “a dynamic we think still would have occurred in the absence of Samsung issues, but perhaps at a lower magnitude vs. the current scenario.”

Second, Darvanani believes the “mix should shift higher toward the premium model – we think ASPs could surprise on the upside given a more material feature differential between 7+ vs 7 this time around.”

Third, Darvanani sees “attractive valuation” for the giant, which is another key positive as Apple makes its way through its iPhone 7/7+ cycle.

Fourth, the analyst recognizes AAPL has a shining track record for historic outperformance amid “volatile markets.”

Darvanani concludes, “We think forward twelve months (FTM) estimates will drift higher given extra week in December, better margin stability and ASP tailwinds.”

According to TipRanks, which measures analysts’ and bloggers’ success rate based on how their calls perform, four-star analyst Amit Daryanani is ranked #791 out of 4,151 analysts. Daryanani has a 60% success rate and yields 2.5% in his annual returns. When recommending AAPL, Daryanani realizes 9.9% in average profits on the stock.

TipRanks analytics exhibit AAPL as a Strong Buy. Based on 35 analysts polled in the last 3 months, 30 rate a Buy on AAPL, 4 maintain a Hold, while 1 issues a Sell. The 12-month average price target stands at $125.44, marking a 12% upside from where the shares last closed.