Bank of America analysts raised their price target for Apple Inc. stock to $380 per share on May 26, 2026 [1].
The adjustment signals a shift in how Wall Street views the company's integration of artificial intelligence, moving from basic assistants to autonomous agents. This transition could fundamentally change the revenue model for the iPhone and the broader Apple ecosystem.
Analysts said agentic AI is the primary upside driver for the stock [2]. This specific form of AI, which can execute complex tasks independently, is projected to generate up to $30 billion in new revenue for Apple by 2030 [1].
Apple shares rose 0.5% following the announcement of the new price target [3]. This movement comes after a period of significant growth, with the stock gaining over 50% in the previous 12 months [4].
There are some discrepancies in reporting regarding the specific target. While several outlets report the $380 figure [1], [2], one report indicated a target of $330 following a previous earnings cycle [5].
Bank of America research said the shift toward agentic AI is playing into the company's hands by creating a new cycle of hardware upgrades. Users may seek newer devices to handle the increased processing requirements of autonomous AI agents.
“Bank of America analysts raised their price target for Apple Inc. stock to $380 per share”
The pivot toward 'agentic AI' represents a transition from AI as a search tool to AI as an action-oriented operator. For Apple, this potentially solves the stagnation of hardware innovation by giving consumers a functional reason to upgrade their devices, while simultaneously opening a massive new revenue stream through AI-integrated services.
