Apple should be a $250 stock, according to Loup's Gene Munster, nearly double from its current price.
He labeled the iPhone maker as "one of the world's greatest companies" in a Wednesday interview with CNBC.
On Tuesday, Apple's market cap slipped below $2 trillion after a report said demand has weakened.
"This is debateably one of the world's greatest companies," Munster told CNBC on Wednesday.
But now Apple, according to a Monday report from Nikkei, is seeing weaker demand, specifically for its MacBooks, AirPods, and Apple Watch.