Legendary Apple Inc. (NASDAQ:AAPL) co-founder Steve Jobs is credited for his visionary leadership and for revolutionizing entire product categories, ranging from smartphones to tablets and music.

Jobs knew what a MacBook should look like in 1983. While it took the company 25 years to realize Jobs' vision, Apple stock is now soaring to record highs.

Optimistic Analysts: Analysts at JPMorgan are upbeat about Cupertino's prospects, giving the Apple stock an overweight rating and a price target of $265, implying an upside of over 2%.

"We see upside in several aspects of the business as well as financials that remain underappreciated by investors, namely the transformation of the company to Services, growth in the installed base, technology leadership, and optionality around capital deployment," said JPMorgan analyst Samik Chatterjee to CNBC.

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Over the past month, Apple stock has gained over 10%, while year-to-date, it is up by over 39%, according to Benzinga Pro data.

What Jobs Said In 1983: Jobs, well known for not just his leadership but also some great speeches, outlined his vision for a notebook.

"Apple strategy is really simple. What we want to do is we want to put an incredibly great computer in a book that you can carry around with you that you can learn how to use in 20 minutes."

"We don't know how to do that. It's impossible technically. So we had three options. One was to do nothing. The second one was to put a piece of garbage computer in a book. And we can do that, but our competitors are doing that, so we don't need to do that," said Jobs.

"The third option was to design the computer that we want to put into the book eventually, even though we can't put into the book now. And right now it fits into a bread box and it's $10,000 and it's called Lisa."

While Lisa was Jobs' dreamchild, MacBook is what he was ultimately aiming for.

"The next thing we will do is we will find a way put it in a shoebox and sell it for like $2,500 and that will be the next step. And finally we'll find a way to get it in a book and sell it for under $1,000."

Bullish Analysts: The overall analyst sentiment is bullish on the AAPL stock – Benzinga Pro data shows 30 analysts have a consensus buy rating.

Based on the average price target of $286 between Wedbush, Morgan Stanley, and Needham, there's an implied 10.51% upside for AAPL stock.

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