Apple stock hits record high, could reach $4 trillion valuation

Apple stock has surged to an all-time high as analysts predict a “golden age of growth” amid the rise of artificial intelligence.

Apple shares closed at an all-time high on Thursday after Woodbush Securities analysts told clients the iPhone maker could be headed for a “golden age of growth” in 2025, driven by demand for artificial intelligence.

The analysts raised their price target on Apple stock by $25 to $325, and maintained an “outperform” rating. The Woodbush target boost comes as the firm expects Apple to sell more than 240 million iPhones in fiscal 2025, “as the AI-driven upgrade cycle takes hold and this will be the highest year for iPhone unit sales in Apple’s history.”

Wedbush expects Apple to soon hit the $4 trillion mark, which would make it the first company in the world to reach that threshold. Currently, there are only three private companies with a market cap exceeding $3 trillion, including Apple, Nvidia, and Microsoft.