Impact factors are much higher for some subject matter journals than for others. For a statistics journal, 2 would be very high, whereas it might be very low for a biology or medical journal.
It seems, on ResearchGate, that many believe an impact factor is a commercial construct, and not really very indicative of quality. I personally believe that it has little to do with quality. However, many administrative people may not understand that.
There have been other such questions on ResearchGate, and you might want to look at responses there as well.
Absolutely agree with James who as usual has valuable comments, I think that IF is a commercial construct, there are many excellent journals with an IF value doesn't exceeds 2.