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.

Apple shares edged lower in early Thursday trading but a longtime bull on the stock suggests its march to a $4 trillion valuation "is still being underestimated by" Wall Street. Apple (AAPL) shares have risen nearly 10% over the past month,

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.