Citi raises Apple forecast to the highest on Wall Street, predicts another 17% gain from here

CEO of Apple Tim Cook attends China Development Forum 2019 at the Diaoyutai State Guesthouse on March 23, 2019 in Beijing, China.
Han Haiden | Visual China Group | Getty Images

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Apple shares, which hit a record last week, still have more room to run, Citi said on Tuesday.

The firm raised its 12-month price target on Apple to a Wall Street high $400 from $310 and said there are five things it thinks will push the stock even higher.