Apple Stock Hits All-Time High Thursday as Analyst Sees ‘Golden Era of Growth’ With AI | Global News Avenue

apple(AAPLWedbush analysts led by Dan Ives told clients that the iPhone maker could see a “golden era of growth” in 2025, driven by demand. Artificial Intelligence (AI).

Analysts raised their price target on Apple stock by $25 to $325, which would imply an upside of about 25% from Thursday’s record closing price of $259.02, and maintained an “outperform” rating on expectations for an AI-powered iPhone The multi-year upgrade cycle is “still ongoing.” Undervalued by Wall Street. “

That’s well above the average analyst price target compiled by Visible Alpha (about $244), which would represent a decline from Thursday’s levels. More than half, or nine, of the 15 analysts surveyed have a “buy” or equivalent rating on the stock, including four with a “hold” rating and two with a “sell” rating.

Wedbush’s raised target comes as the company predicts Apple may sell more than 240 million iPhones in fiscal 2025, “which will be the highest iPhone sales year in Apple’s history as the AI-driven upgrade cycle takes shape.”

With Thursday’s gains, Apple shares have gained more than a third since the start of the year as the company’s Market value Close to $4 trillion.

Wedbush predicts that Apple may soon hit the $4 trillion threshold, which would make it the first company in the world to do so. Currently, there are only three companies with a market value of over US$3 trillion: Apple and Nvidia (NVDA) and Microsoft (Microsoft Corporation).

Updated—December 26, 2024: This article has been updated to reflect the latest stock price information.