The race for the 2018/19 Premier League Golden Boot is wide open with six players separated by only three goals.
The 24-year-old is in superb form having scored a hat-trick against Watford on his last PL appearance, a feat he repeated with England on international duty.
And Neville sees him as a serious candidate to be presented the prize by Cadbury in May.
"Raheem Sterling could still win the Golden Boot because of the amount of chances that City get and he gets in particular," says Neville.
"The composure around his finishing has become world-class. He's taking the extra touch, not smashing the ball but showing that composure in front of goal that all the best strikers and goalscorers have in the world."
Tough examinations follow at home to Tottenham Hotspur and against Manchester United, but, as Neville points out, Sterling has the quality to take on all comers.
"What you're seeing now is a player who's matured, developed, and is truly, truly world-class," says Neville.
"As a defender he would be my worst nightmare: two-footed, unbelievable speed, the ability to go outside you, inside you, run in behind you without the ball and then the composure to finish at the end of a sweeping move.
"He's as good as anyone in the Premier League. A really, really impressive player and one I would absolutely hate playing against."
Premier League defenders will not relish trying to slow Sterling down as he sets his sights on a second successive PL crown.
Part 2: Race for the Golden Boot: Mohamed Salah
Part 3: Race for the Golden Boot: Sadio Mane
Part 4: Race for the Golden Boot: Harry Kane
Part 5: Race for the Golden Boot: Pierre-Emerick Aubameyang
Part 6: Race for the Golden Boot: Sergio Aguero