Wall Street has spent years questioning whether Apple lagged in the race to capitalize on artificial intelligence. Its peers built massive data centers, released flashy chatbots and watched their stocks soar. Apple, by contrast, moved with characteristic caution. Yet a shift now underway may play directly to the company’s longstanding strengths. Systems that plan, reason and act autonomously on users’ behalf, known as agentic AI, could turn the iPhone maker’s vast installed base and tightly controlled environment into a decisive advantage. Bank of America analyst Wamsi Mohan raised his price target on Apple shares to $380 from $330 in late May. The move reflected growing conviction that agentic capabilities, particularly an upgraded Siri, represent more than incremental improvement. Mohan sees a base case of $15 billion to $30 billion in additional AI-related revenue by fiscal 2030. In a bull case the figure climbs as high as $40 billion to $65 billion.…