Apple (AAPL) - Get Report shares closed at a record high on Tuesday at $143.80 per share, yet Loup Ventures managing partner Gene Munster believes the stock can still rise.

"Our range is $180 to $200," he said on CNBC's "Power Lunch." Because of Apple's lackluster 2016 performance, the year-over-year comps for the tech titan will get easier over the next few quarters, Munster added.

Furthermore, "you've got all the hype around the phone. It's 171 days, most likely until the next iPhone is released," Munster noted.

It is those two reasons Munster deduced that the next several months will be "clear sailing" for Apple' stock.

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