In the following video, Fool analysts Andrew Tonner and Brendan Byrnes discuss whether Apple (Nasdaq: AAPL) can reverse its recent course and surge to $900 in 2013.
It's the time of year when analysts issue their update price targets for the year to come, and at least one has set a $900 target for Apple in 2013. Andrew isn't confident enough to say Apple could hit that lofty mark, but he believes it's in for a substantial gain.
Apple has a refreshed product line coming into the holiday season, including the new iPhone 5 and a new iPad and iPad Mini.
There are also some additional catalysts that could push the stock higher, including its dividend and a large hoard of cash that represents more than $100 per share.
Apple is trading at a 66% discount to the overall market in terms of earnings, but its growth prospects are much brighter, Andrew says.