Apple stock headed to $120 per share: Pro

FM Stocks: Buy or bye
FM Stocks: Buy or bye AAPL   

After hitting a new all-time high on Friday, Apple stock has what it needs to continue its climb higher, OptionMonster's Pete Najarian said.

"I think it's going to $110," he said. "I've said it for a long time, and now I'm starting to shift and think it's going even higher because the stock has already moved off of this record launch that they had of this iPhone, when you look at the 6 and 6 Plus, internationally now 60 percent of their revenue drawn from that aspect of it as well."

Apple closed at $108 per share on Friday, up 0.95 percent, just slightly off a record high of $108.04.

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On CNBC's "Fast Money," Najarian also noted that the company was "stealing back" some market share in the smartphone space.

iPad Air 2
Justin Solomon | CNBC
iPad Air 2

"There's a lot of reasons right now I think you can like Apple," he said. "And I think when you really get through the holiday season, this stock's not going to go to $110. I think we see $120."

Private Advisor Group's Guy Adami, who had previously called for Apple stock to trade down to $85, acknowledged that shares had held up.

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"We said a number of times when the market was cascading lower that Apple was trading, relatively speaking, pretty well," he said, adding that $110 was likely. "And that's where it looks like it's going."