Apple (NASDAQ: AAPL) stock has skyrocketed over the past year, rising more than 90%. But several analysts are betting shares can go higher. Indeed, two analysts recently slapped $450 12-month price targets on Apple stock, implying 15% upside from where shares are trading at the time of this writing.

Here's a closer look at what's behind two analysts' recent buy ratings and increased price targets for Apple shares.

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Source Fool.com