Bank of America Corporation (BAC)
NYSE: BAC · Real-Time Price · USD
39.52
+0.27 (0.69%)
At close: Sep 26, 2024, 4:00 PM
39.54
+0.02 (0.05%)
After-hours: Sep 26, 2024, 6:33 PM EDT
Bank of America Stock Forecast
Stock Price Forecast
The 20 analysts with 12-month price forecasts for Bank of America stock have an average target of 42.52, with a low estimate of 33 and a high estimate of 49. The average target predicts an increase of 7.59% from the current stock price of 39.52.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for BAC stock from 21 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Apr '24 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 3 | 3 | 4 |
| Buy | 7 | 8 | 9 | 9 | 9 | 9 |
| Hold | 7 | 7 | 6 | 7 | 7 | 7 |
| Sell | 1 | 1 | 1 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 1 | 1 | 1 |
| Total | 17 | 18 | 18 | 20 | 20 | 21 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Deutsche Bank | Deutsche Bank | Hold → Strong Buy Upgrades $45 | Hold → Strong Buy | Upgrades | $45 | +13.87% | Sep 3, 2024 |
| Morgan Stanley | Morgan Stanley | Buy Maintains $46 → $49 | Buy | Maintains | $46 → $49 | +23.99% | Jul 30, 2024 |
| BMO Capital | BMO Capital | Hold Maintains $38 → $40 | Hold | Maintains | $38 → $40 | +1.21% | Jul 18, 2024 |
| Morgan Stanley | Morgan Stanley | Buy Maintains $44 → $46 | Buy | Maintains | $44 → $46 | +16.40% | Jul 17, 2024 |
| Barclays | Barclays | Buy Maintains $43 → $49 | Buy | Maintains | $43 → $49 | +23.99% | Jul 17, 2024 |
Financial Forecast
Revenue This Year
103.54B
Revenue Next Year
108.28B
from 103.54B
Increased by 4.58%
EPS This Year
3.31
from 3.08
Increased by 7.43%
EPS Next Year
3.70
from 3.31
Increased by 11.94%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 109.0B | 115.2B | 121.6B | ||
| Avg | 103.5B | 108.3B | 113.4B | ||
| Low | 99.5B | 103.8B | 107.6B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 11.2% | 12.3% | ||
| Avg | - | 4.6% | 4.7% | ||
| Low | - | 0.3% | -0.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.54 | 4.27 | 5.00 | ||
| Avg | 3.31 | 3.70 | 4.30 | ||
| Low | 3.09 | 3.13 | 3.55 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 14.9% | 29.1% | 34.9% | ||
| Avg | 7.4% | 11.9% | 16.0% | ||
| Low | 0.2% | -5.5% | -4.2% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.