Dan Ives' supply chain checks indicate that consumers like Apple's AI strategy, suggesting that the iPhone 16 cycle could be "a historical one."

Wedbush raised its price target on Apple Inc (NASDAQ:AAPL) to $325 from $300 banking on transformative AI-driven iPhone upgrade cycle poised to fuel growth into 2025. The brokerage maintained its "outperform" rating,

Wedbush raised Apple's (AAPL) price target to $325 from $300, predicting a golden era of growth with an AI-driven iPhone upgrade cycle.

Apple shares closed at an all-time high Thursday after Wedbush analysts raised their price target for the stock, telling clients they expect the iPhone maker could be headed for a "golden era of growth" driven by demand for artificial intelligence.

With improvements across Apple's installed base going smoothly through Christmas, Wedbush analysts said supply chain inspections show good holiday season performance. By April, Apple Intelligence, the company's AI platform, is likely to spread its tentacles across China and other countries along with maybe a Chinese technological partner.

With Apple stock in record-high territory, a longtime Apple bull on Thursday raised his price target to the highest level on Wall Street.

Key Takeaways Wedbush analysts told clients in a note Thursday that Apple 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,