08:19 AM EST, 12/26/2024 (MT Newswires) -- Apple's ( AAPL ) artificial intelligence strategy is expected to spur a "golden era of growth" in 2025 for the tech giant, according to Wedbush analysts.

In a note to clients Thursday, the analysts said that the "seeds" of Apple's ( AAPL ) AI strategy "will transform the Apple ( AAPL ) consumer growth narrative over the coming years." They estimate that the "hundreds of apps" Apple ( AAPL ) is developing will create a new services revenue stream worth billions of dollars annually.

"We believe Apple ( AAPL ) is on pace to reach the $4 trillion market cap threshold and be the first member of this exclusive club," Wedbush said.

The firm raised its target price on the stock to $325 from $300 and maintained its outperform rating.