GO
Loading...

Apple 'not a growth company anymore': Analyst

An outspoken analyst is looking for Apple stock prices to stumble.

BGC Financial Director of Research Colin Gillis told "Fast Money" Monday—less than 24 hours before its fiscal third quarter earnings report—that he's cautious on the iPhone maker's business.

"All the metrics for this company are slowing. It's just the law of large numbers," said Gillis. "This is not a growth company anymore. It's a value company."

Read MorePro on Netflix: 'Red is the new black'

Gillis, who raised his price target to $87 from $78.50 a share on Monday, has a "hold" rating on the stock.

Apple shares fell by 0.5 percent to close at $93.94.

By CNBC's Stephanie Landsman

Contact Fast Money

  • Showtimes

    Halftime Report - Weekdays 12p ET
    Fast Money - Weekdays 5p ET

Halftime Report