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 Apple stock in record-high territory, a longtime Apple bull on Thursday raised his price target to the highest level on Wall Street.Wedbush Securities analyst Daniel Ives maintained his outperform rating on Apple stock and increased his 12-month price target to 325 from 300.

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

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,

Wedbush technology sector analyst Daniel Ives already had the highest price target for Apple Inc. among Wall Street analysts, but on Thursday he boosted it further on an expected surge in interest in artificial-intelligence-enhanced iPhones.

Apple (AAPL) continues to trend higher, with its stock hitting an all-time high of $260.10 on Dec. 26, pushing the company’s market capitalization even closer to an astounding $4 trillion. This year has been exceptional for Apple investors,

Apple Inc. ($AAPL) has consistently proven to be a resilient investment for shareholders. Despite the subdued response to this year's artificial intelligence (AI)-enabled iPhones, the stock is poised to close the year as a market outperformer.