Despite global macroeconomic conditions, Apple's stock has more room for upside, Needham & Co. analyst Laura Martin said Wednesday.
"We think if you took Apple's moniker off it and you laid it against the Walt Disney Co., Apple's had higher margins for the last five years. It's had higher earnings-per-asset employed than Facebook for the last five years," she told CNBC's "Fast Money Halftime Report."
Martin, who has a $150 price target on the company, said if you took the hardware label off Apple products, the overall value of the tech giant would be considerably higher. She also cited the expansion of a global mobile footprint as a major component of Apple's potential growth.