Wedbush analyst raises Apple price target to the highest on Wall Street

Wall Street's biggest Apple bull is getting even more bullish on the stock.

Wedbush's Dan Ives raised his price target on the tech giant to $350 a share — 25% higher than where the stock currently trades — since 2020 will be the "year of the 5G supercycle."

Ives said Apple is putting the "finishing touches" on what has been a "historic" year for the company, which will serve as a "launching pad for 2020" for the next generation iPhone.