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Apple is heading towards a $2 trillion valuation, says Evercore ISI. Here's how it gets there

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Apple CEO Tim Cook greets customers at the grand reopening of Apple's flagship Apple Fifth Avenue retail store on September 20, 2019 in New York City.
Taylor Hill | Getty Images

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Apple was the first U.S. company to top the $1 trillion mark, and Evercore ISI said it will also be the first company to surpass $2 trillion.

The firm believes that that milestone will be reached in the next four years as the stock rallies about 72% from its current price of $320 and valuation of $1.389 trillion, all the way up to $550 and $2 trillion.

Analyst Amit Daryanani said a number of factors will drive the surge, including an expansion of the tech giant's services and wearables unit, as well as operational tailwinds.

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