Top analyst: This stock to hit $1 trillion value

Share
The Apple 6S and 6S Plus iPhones
Beck Diefenbach | Reuters

As the bull market marched on earlier this year, Apple's market value topped $700 billion, and investors and analysts started chattering about the iPhone juggernaut eventually becoming the first $1 trillion stock ever.

Even after the stock market pullback, Apple is still the favorite on Wall Street to hit this milestone one day.

Not so fast, said top technology analyst Colin Gillis of BGC Partners.

Gillis, who's stock picks average 8.4 percent return over one year, according to TipRanks.com, said if there is a company that's going to do it, it's going to be this one, not Apple.

(See video below for answer and reason why:)

More In Investing

CNBC ProWhat to expect from Ark Invest's coming 'ARKX' ETF, which ignited a rally for pure-play space stocks
CNBC ProThese surprises could change the story for the stock market in 2021, Credit Suisse says