After missing out on the initial stages of the artificial intelligence (AI) boom, Apple (NASDAQ: AAPL) is, in 2026, especially well-positioned to benefit from ‘an agentic world,’ per the Bank of America (NYSE: BAC) analyst Wamsi Mohan.
Indeed, according to the Wall Street expert’s note issued on Tuesday, May 26, the blue-chip technology giant’s dominance in the smartphone industry and control over much of the supporting infrastructure, paired with AI developments and integration, provide an especially strong business position.
Furthermore, given the potential arising from ‘an agentic world, Mohan not only reiterated the previous ‘Buy’ rating for AAPL stock, but also raised the 12-month price target from $330 – a 6.19% rally from the press time price of $310.77 – to $380 for a 22.28% rally.
Still, it is worth noting that the positive assessment contained a hint of uncertainty as the bullish outlook was qualified by the condition that the AI assistants need to become ‘the new front door to search, apps, commerce, scheduling, payments, and workflow completion’ for Apple to truly benefit.
Wall Street sets Apple stock price target for the next 12 months
Elsewhere, BofA’s latest analysis is substantially more bullish than the Wall Street AAPL stock consensus. Specifically, the blue-chip technology equity is overall considered a ‘Moderate Buy’ on the equity analysis platform TipRanks.
Similarly, the average Apple shares 12-month price target anticipates a 3.89% rally to $320.83 – significantly lower than Mohan 22.28% rise to $380 – per the data Finbold retrieved on May 26.
On the other hand, despite standing on the more bullish side, Bank of America is not responsible for the Street high forecast: on May 8, Wedbush’s famously bullish technology stock analyst Dan Ives predicted AAPL shares can rise as high as $400 in the coming 12 months.
Apple stock price performance in 2026
Meanwhile, Apple equity has been doing well in the 2026 stock market with a year-to-date (YTD) 14.31% rise to $310.77.
Additionally, AAPL shares are green in essentially every popular timeframe, having rallied 2.92% in the last week, 16.12% in the last month, and 55.22% in the last year, though they also rose above the late 2025 highs only in May 2026 following a notable New Year drop.
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