Guggenheim analyst, Robert Cihra, reiterated his Buy rating on shares of Apple (NASDAQ: AAPL) and believes it can keep growing...if it launches a self driving car. The analyst believes the need for large ticket items to maintain growth is not lost on the company and despite indications to the contrary, the company will come to this conclusion.

The analyst stated "We think the draws of 1) a >$2 trillion TAM and 2) tech disruption via electrification + software/AI make it too hard to resist and could open up growth for the next decade+. Apple is also investing in original MEDIA content as its other big new TAM, but we see cars better fitting its product-centric business model".

No change to the price target of $215.

For an analyst ratings summary and ratings history on Apple click here. For more ratings news on Apple click here.

Shares of Apple closed at $184.16 yesterday.