“It seems like only yesterday that Apple was trading around $130 and I was writing about how AAPL stock could hit $200,” Will Ashworth writes for InvestorPlace. “Well, trading within 6% of $200, I’ve decided to up the ante. Unlike $200, which has been a surprisingly tricky hurdle, hitting $400 within the next 36 months could come more easily.”

However, to do so, it’s going to need the help of these five things:
1. Services Revenue
2. Apple Retail Stores
3. Bringing iOS closer to macOS
4. Emerging Markets
5. The iPhone

“Over the past five years, AAPL stock has achieved a total annualized return of 27.2%. For Apple stock to get to $400 within 36 months, it has to generate 29% annual returns,” Ashworth writes. “That’s a very tall order indeed.”

Ashworth writes, “To get there, the iPhone can’t have a letdown and emerging markets have to keep growing profitably.”

Read more in the full article here.

MacDailyNews Take: From Will’s lips to Mr. Market’s ears.