Apple Inc CEO Tim Cook Speaks About The New iPad Air
IN PHOTO: Apple Inc CEO Tim Cook speaks about the new iPad Air and the iPad mini with Retina display during an Apple event in San Francisco, California October 22, 2013. Reuters/Robert Galbraith

Prior to the release of the iPhone 6, Apple has been breaking its stock records and it appears it will not slow down despite months after its flagship hype. If Apple continues to perform as it is, major investors believe that the situation can push the tech giant to reach a whopping $1 trillion market capitalization. Can Apple go to a place where no company or stock ever achieved?

The question boils down to whether Wall Street is on board again with Apple - the world's most valuable company. According to Forbes, for the last few weeks, at least five analysts changed their Apple price targets. Consequently, the Cupertino-based giant has been reaching all-time shares as much as $117.57 before it closed to $116.71 last November 23. This gives the company a $680 billion capitalization. More valuable compared to Twitter, Netflix, Amazon and Microsoft combined. However, there are also doubts whether this shares performance may be the result of a rising tide and whether Apple can continue to rally.

Alexander Alternative Capital's Michael Corcelli shared with Reuters that Apple may reach the $1 trillion market cap "without a doubt" next year. He thinks that Apple can be a step closer to the $1 trillion mark this holiday expecting more record sales from iPad, iPhone and other products. Omega Advisors Inc.'s Steve Einhorn supports this thought. According to Einhorn, looking at Apple's current trade around $114, the company has attractive prices. Eventually, Apple may be able to reach the trillion-dollar capitalization.

Apple's previous market capitalization record high was in 2012 when it reached $658 billion. Forbes shared that when looking at how Apple spent $70 billion just to buy back its stock for the last few years including the market cap record it has reached counts as an impressive feat.

If the company can encourage a similar hype and order surge in its next iPhone release, reportedly iPhone 6s or iPhone 7, then reaching one trillion will not be as hard.