Taking the position that shares of Apple ( Apple Stock Quote, Chart, News, Analysts, Financials NASDAQ:AAPL) are undervalued seems like someone drew the short stick at debate club. After all, the stock is currently trading at about ten times sales and a P/E ratio of 42.

Apple shares closed at an all-time high Thursday after Wedbush analysts raised their price target for the stock, telling clients they expect the iPhone maker could be headed for a "golden era of growth" driven by demand for artificial intelligence.

Dan Ives' supply chain checks indicate that consumers like Apple's AI strategy, suggesting that the iPhone 16 cycle could be "a historical one."

Wedbush technology sector analyst Daniel Ives already had the highest price target for Apple Inc. among Wall Street analysts, but on Thursday he boosted it further on an expected surge in interest in artificial-intelligence-enhanced iPhones.

Apple is on the cusp of an artificial-intelligence-fueled “golden era of growth,” Wedbush analysts argued Thursday as they raised their price target on shares of the tech giant. The analysts increased their price target to $325,

Key Takeaways Wedbush analysts told clients in a note Thursday that Apple could be headed for a “golden era of growth” in 2025, driven by demand for artificial intelligence (AI).The analysts raised their price target for Apple's stock by $25 to $325,

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,