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.

Apple Inc. ($AAPL) has consistently proven to be a resilient investment for shareholders. Despite the subdued response to this year's artificial intelligence (AI)-enabled iPhones, the stock is poised to close the year as a market outperformer.

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,