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.

With Apple stock in record-high territory, a longtime Apple bull on Thursday raised his price target to the highest level on Wall Street.

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,