Apple's stock rose on Thursday as Wall Street securities firms took a positive view of the consumer electronics maker as artificial intelligence and the company's upcoming Vision Pro headset will be the driving force behind sales, according to BofA Securities.。

BofA analyst Wamsi Mohan upgraded his rating on Apple stock to Buy from Neutral and raised his price target to $225 from $208.。

Apple shares up 3 on day.3%, closing at 188.63美元。Apple shares broke a downtrend line on Thursday, a positive sign。Currently, it is trying to recapture its 50-day moving average.。

In the customer memo, Mohan predicted a "more robust multi-year iPhone upgrade cycle" as consumers replace older phones this year and next to take advantage of upcoming generative AI capabilities.。

He also said that Apple's Vision Pro space computing headset should also provide sales boost。Pre-orders for the device will start on Friday, and products will be available on February 2.。

Mohan also predicted faster growth in services as Apple better monetizes its install base。

In addition, he said the company's exposure to legal issues, including antitrust actions and patent infringement lawsuits, was "manageable."。

Meanwhile, sentiment in Apple's stock should be more positive as investors turn their attention to the launch of Apple's Vision Pro and the AI-enabled iPhone。Earlier this month, two investment banks, Barclays and Piper Sandler, downgraded their ratings on Apple shares, citing concerns about weak iPhone sales.。