Analyst Robert Semple of Credit Suisse last Friday reiterated his outperform rating on Apple stock.
Following news of Apple's record-breaking third quarter and the release of new iMacs, an upgraded Mac mini and the company's iWork '08 and iLife '08 suites, Semple issued a $185 target price on the company's shares.
The analyst believes Apple currently represents a "more attractive investment" than IBM.
American Technology Research analyst Shaw Wu last week issued his own "buy" rating on Apple stock, also citing a $185 target price.
Apple stock currently stands at $125 per share.