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Apple's run to $2 trillion may be too far, too fast, even according to analysts who love the company

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Tim Cook, chief executive officer of Apple, speaks at the 2019 Dreamforce conference in San Francisco on November 19, 2019.
David Paul Morris | Bloomberg | Getty Images

Apple made history on Wednesday as the first U.S. company to pass $2 trillion in market cap, but the latest leg of the rally has made even some of its most ardent fans on Wall Street skittish.

The stock's meteoric 59% rise this year puts its price about 9% above its average Wall Street 12-month price target, according to FactSet. Over the past five years, the stock has rarely traded above that average target before eventually turning lower.

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