Key Points
- Wedbush raised Apple’s shares price target to $325, signaling a 26% upside potential.
- The firm forecasts over 240 million iPhone sales in 2025, the highest in Apple’s history.
- Apple shares have gained over 33% this year, nearing a $4 trillion market cap.
- Apple may become the world’s first company to achieve a $4 trillion valuation.
Wedbush analysts, led by Dan Ives, remain bullish on Apple Inc. (AAPL), forecasting a “golden era of growth” driven by advancements in artificial intelligence (AI). In a note to clients on Thursday, the analysts raised their price target for Apple shares to $325, up from $300, indicating a 26% upside potential from the stock’s intraday price of $258.25. Maintaining an “outperform” rating, the firm pointed to a multi-year iPhone upgrade cycle propelled by AI capabilities, which they believe the market underestimates.
The revised target substantially exceeds the $244 average price target compiled by Visible Alpha, which implies a decline from Thursday’s levels. Among the 15 analysts polled, nine hold “buy” or equivalent ratings, four suggest “hold,” and two have “sell” recommendations. Wedbush’s optimism about Apple stock growth is based on its projection of over 240 million iPhone units sold in fiscal year 2025, marking a historic peak.
Apple’s stock touched an all-time high on Thursday before retreating slightly in early trading, reflecting its impressive growth trajectory. The company’s shares have risen over 33% year-to-date, pushing its market capitalization close to the $4 trillion mark. If achieved, Apple would become the first company in the world to reach this milestone.
Only three firms, including Apple, Nvidia, and Microsoft, boast market capitalizations exceeding $3 trillion. Wedbush analysts highlighted Apple’s sustained dominance in consumer technology and its ability to innovate in AI and hardware integration as key factors driving this historic valuation.
The transformative potential of AI-driven features in upcoming iPhone models could redefine user experiences and further solidify Apple’s market leadership. Given the anticipated growth cycle, Wedbush envisions a landmark year for Apple, setting the stage for record-breaking iPhone sales and sustained investor confidence.