Wedbush analysts raised their price target for Apple's stock Thursday, telling clients they expect the iPhone maker could be headed for a "golden era of growth" driven by demand for artificial intelligence.

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 maintained its Outperform rating on Apple (NASDAQ:AAPL) and raised its price target on the stock to $325 from $300, noting that "a golden era of growth for Cupertino is now on the horizon into 2025.

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The survey was conducted by SellCell, a site with a blog covering gadget trends. Its respondents were over 2,000 smartphone users, over half owning an iPhone with an AI-supported model. The iPhone 15 Pro and iPhone 16 / iPhone 16 Pro are the only Apple phones offering Apple Intelligence right out of the box.