Apple will jump 35% on 5G ‘super cycle’ in raised bull-case scenario, according to Wedbush (AAPL)

Apple will jump 35% on 5G ‘super cycle’ in raised bull-case scenario, according to Wedbush (AAPL)

As Apple circles in on a $2 trillion valuation, don't expect the gains to stop anytime soon, according to Wedbush Securities analyst Daniel Ives.

In a note published on Sunday, Ives raised his Apple 12-month price target to $515, and its bullish scenario price target to $600, representing upside potential of 16% and 35% from Friday's close, respectively.

The raise in Apple's price target is predicated on a 5G "super cycle" that, according to Ives, is right around the corner.

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Apple is on the verge of becoming the first public company to reach a $2 trillion valuation, and if or when it does, don't expect the gains to stop, according to Wedbush Securities analyst Daniel Ives.

In a note published on Sunday, Ives detailed that a 5G "super