Following this week’s stock split, RBC Capital Markets sees shares of Apple reaching near-record highs in the second half of 2014. This valuation is based on the strength of the expected “iPhone 6,” as well as hotly anticipated new product categories from the company. Analyst Amit Daryanani issued a note to investors recently revealing his new price target of $100 per share of AAPL. This is up from his previous prediction of $96 per share, which itself was $675 prior to the company’s 7-for-1 split that took effect recently. RBC’s new price target would put Apple at a near-all-time-high, as the company’s previous record is now $100.30 in post-split trading.

According to Daryanani, his new target of $100 reflects increased confidence in the upcoming second half of Apple’s calendar 2014. In particular, he believes that the company’s expected “iPhone 6” could prove to be even more profitable with a higher-end model. Given rumors of two screen sizes of 4.7-inches and 5.5-inches, Daryanani believes that Apple could sell a jumbo-sized iPhone at a starting price of $299 on contract. He also believes that improved iPads will arrive this fall as Apple has done in recent years, helping to boost hardware sales.

Furthermore, Daryanani is also excited about new product categories, which Apple has pledged to enter into in 2014. In particular Daryanani along with many other analysts believe that Apple will release its widely rumored so-called “iWatch” later this year. He sees an “iWatch” making Apple users more integrated into the company’s ecosystem by acting as a health monitoring system and also increasing communication with other Apple devices.

As far as the “wild card” prediction, Daryanani said he doesn’t expect Apple to release a full-fledged television set this year but he believes recent reports indicating that Apple is moving its ad-creation in-house hinting that the company could be looking to built its own HDTV in the long term.

For those of you who didn’t know, after the split took effect recently, shares of AAPL opened at $92.69. Overall, they are up slightly for the week through Wednesday trading and were up again on Thursday in pre-market NASDAQ trading to about $94.

Source: RBC Capital Markets via AppleInsider