Wedbush analysts, led by Dan Ives, forecast that Apple will enter a “golden age of growth” in 2025, propelled by surging AI demand.
On Thursday, the analysts raised their target price for Apple stock from $258.25 to $325, representing a potential 26% upside.
They also upgraded their rating, citing the market’s continuing undervaluation of the multi-year iPhone upgrade cycle driven by AI.
Wedbush’s outlook is based on projections that Apple will sell over 240 million iPhones in fiscal year 2025.
Dan Ives remarked, “The AI-driven upgrade cycle is taking hold, and this will be the highest iPhone unit sales year in Apple’s history.“
Apple’s stock recently hit an all-time high before stabilizing. Since the start of the year, it has surged by more than a third, bringing its market capitalization close to $4 trillion.
Wedbush analysts anticipate that Apple will soon cross the $4 trillion mark, making it the first company in the world to achieve this milestone.
Only three companies have market capitalizations exceeding $3 trillion: Apple, NVIDIA, and Microsoft.
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