Apple Stock Hits All-Time High Thursday as Analyst Sees ‘Golden Era of Growth’ With AI [Video]

Apple (AAPL) shares closed at an all-time high Thursday after Wedbush analysts led by Dan Ives told clients that the iPhone maker could be headed for a “golden era of growth” in 2025, driven by demand for artificial intelligence (AI).

The analysts raised their price target for Apple’s stock by $25 to $325, implying about 25% upside from Thursday’s record close at $259.02, and maintained an “outperform” rating, anticipating a multi-year iPhone upgrade cycle driven by AI that “is still being underestimated by the Street.”

That’s a lot higher than the average analyst price target compiled by Visible Alpha at about $244, which would imply a decline from Thursday’s level. Just over half or nine of the 15 analysts polled hold “buy” or equivalent ratings for the stock, with four “hold” and two “sell” ratings.

Wedbush’s target boost comes as the firm projects Apple could sell more than 240 million iPhones in fiscal …