Apple On Cusp Of 'Golden Era Of Growth,' Analyst Says

With Apple (AAPL) banal successful record-high territory, a longtime Apple bull connected Thursday raised his terms people to the highest level connected Wall Street.

Wedbush Securities expert Daniel Ives maintained his outperform standing connected Apple banal and accrued his 12-month terms people to 325 from 300.

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In greeting trades connected the stock marketplace today, Apple banal deed a grounds precocious of 260.09.

In caller trades, Apple banal was up a fraction to 259.07.

"We judge Apple is heading into a multiyear AI-driven iPhone upgrade rhythm that is inactive being underestimated by the Street," Ives said successful a lawsuit note. "Rome wasn't built successful a time and neither volition Apple's AI strategy, but the seeds of that strategy with Apple Intelligence are present forming and volition alteration the Apple user maturation communicative implicit the coming years."

He added that "a aureate epoch of maturation (for Apple) is present connected the skyline into 2025."

Apple kicked disconnected its artificial quality strategy with the iPhone 16 smartphone family, which launched connected Sept. 20.

It past added its archetypal AI features, branded Apple Intelligence, successful a bundle update connected Oct. 28. The institution released a 2nd batch of AI features connected Dec. 11. Those Apple Intelligence features are lone disposable for newer iPhones, iPads and Mac computers.

Ives says helium believes a question of AI apps being developed volition accelerate Apple services gross on with catalyzing iPhone upgrades implicit the adjacent 12 to 18 months.

BTIG Cautious On Apple Stock After Run

Meanwhile, probe steadfast BTIG connected Thursday urged caution connected Apple banal heading into January.

BTIG expert Jonathan Krinsky noted that Apple past week posted its 5th consecutive play summation of 2% oregon more. But one-month guardant returns pursuing specified streaks person been rather antagonistic for the company, helium said successful a report.

With Apple "once again the world's astir invaluable institution and nearing a $4 trillion marketplace cap, we would beryllium cautious connected the banal heading into January," Krinsky said.

Year to date, Apple banal has soared much than 34%. It has a marketplace capitalization of astir $3.91 trillion.

Apple banal is connected the IBD Tech Leaders list.

Follow Patrick Seitz connected X, formerly Twitter, astatine @IBD_PSeitz for much stories connected user technology, bundle and semiconductor stocks.

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