Apple Inc. (AAPL) stock roared to another record high on Friday, carrying the company’s market capitalization almost to $900 billion in the wake of Thursday night’s earnings report. Investors cheered the better-than-expected numbers without the iPhone X being included. Several analysts raised their price targets for Apple Inc. stock, and those who are salivating for that $1 trillion market cap can nearly taste it.

However, one bear points out something most are ignoring—because this is Apple Inc. we’re talking about.

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Apple stock target upped by UBS

UBS analyst Steven Milunovich reiterated his Buy rating on Apple Inc. stock and boosted his price target from $180 to $190 per share. He noted that the company has accelerated its earnings per share growth for the last four quarters, and he expects two more such quarters before the company’s earnings per share flatten out.

He also sees “new energy” in the Apple Inc. story due to the “feature leap” in the iPhone X and also improvements in Mac and iPad sales, service revenues, and wearables. One of the issues bears have taken with Apple stock is the fact that the company has relied so heavily on the iPhone for its growth, but Milunovich said that the iPad has finally reversed its declines with a second growth quarter, and Macs surprised to the upside while the number of Apple Watch units jumped by more than 50%. Services revenues also grew 24%.

The analyst also added that Greater China is also a key piece of the puzzle, calling the country “a swing factor” in fiscal 2018. Apple returned to sales growth in Greater China during its fourth fiscal quarter.

Waiting for “the main event”

Deutsche Bank analyst Sherri Scribner boosted her price target for Apple Inc. stock from $140 to $152, but she maintained her Hold rating on Apple stock, keeping her one of the very few holdouts in the bear camp. She believes investors and analysts are waiting to see whether Apple Inc. can really sell “significant quantities” of an ultra-premium phone with a $1,000 price tag. As a result, she feels that bulls and bears will remain in their respective camps on Apple stock until the answer to this question becomes clear.