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Apple Stock's Next Stop: $600?

TheMotleyFool

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Earlier this year, Wedbush analyst Daniel Ives suggested that Apple (NASDAQ: AAPL) could reach a market cap of $2 trillion by the end of 2021, thanks in large part to a "valuation rerating" that has been occurring as investors are finally appreciating the full potential of Apple's booming services business. Well, the Mac maker's market cap hit that historical milestone last week, well ahead of Ives' predicted timeline.

With that achievement in the rearview mirror, can Apple stock continue its rally to $600?

Image source: Apple.

Source Fool.com

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