Calling Apple one of “the most under-appreciated stocks in the world,” a Wall Street analyst says the company should be worth $1 trillion within the year.

Drexel Hamilton analyst Brian White gave AAPL a price target of $202, an increase of roughly 35 percent — and by far the highest Apple valuation on the books.

Forget all the doom predictions about Apple — according to Drexel Hamilton analyst Brian White, the company may have just had its best January since 2008.

Although Apple itself has said that iPhone sales are likely to fall for the first time ever in the January quarter, White claims that his own analysis of Apple’s suppliers suggests that things are looking far from bleak.