Apple stock is at an all time high.
The company recent hit the $2-trillion value.
Daniel Ives of Wedbush thinks that Apple can gain more in the next 12 months.
"We still believe the stock has a lot of gasoline left in the tank with an iPhone 12 ‘supercycle’ on the near term horizon," Ives wrote in a Friday note.
Ives gave the stock an "outperform" rating.
Business Insider says Ives gave the stock a price target of $515 and a bull case of $600, which is roughly 27% higher than where Apple closed Thursday.
