Apple shares closed higher Wednesday, but the pros disagree on whether the stock has more room to run.
According to legendary stock picker Bill Miller, Apple is worth up to $750 a share. Telsey Advisory Group's Tom Forte is also bullish. Telsey has a target price of $650, but Forte thinks new product news, like a television or watch, can drive the stock higher.
"I think there's enough near-term opportunities over the next 12 to 24 months for Apple, adding the new categories, and then mix that with the product refresh, a $90 billion repurchase program and I think the stock's in a very good position here," he told CNBC's "Closing Bell."