Apple Stock Gets Target Boost From Analyst Who Sees ‘Golden Era of Growth’ With AI [Video]

Wedbush analysts led by Dan Ives, long an Apple (AAPL) bull, told clients in a note Thursday 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 26% upside from Thursday’s intraday price of $258.25, 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 intraday 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 …