Apple shares have traded with a certain skepticism for months. Growth looked stuck. The iPhone cycle felt mature. China weighed on sentiment. Yet one of Wall Street’s most consistent bulls just made a forceful case that the narrative misses the point. On May 26, Bank of America analyst Wamsi Mohan raised his price target on the company to $380 from $330. He kept a Buy rating. The move came weeks after an earlier hike to $330 following solid quarterly results. ( Yahoo Finance ) Apple’s Position in the Agentic AI Shift Mohan argues the coming wave of agentic AI changes everything. These systems don’t just answer questions. They act. They handle tasks across apps, manage schedules, complete purchases, and make decisions on a user’s behalf. Success belongs to the platform that owns user intent, personal context, app access, identity, payments, and trust all at once. Only one device sits at that intersection today. The smartphone. And Apple controls the most valuable slice of it.…