Bank of America Corporation (BAC)
NYSE: BAC · Real-Time Price · USD
44.38
+0.49 (1.12%)
At close: Dec 24, 2024, 1:00 PM
44.36
-0.02 (-0.05%)
After-hours: Dec 24, 2024, 4:46 PM EST

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 46.22, with a low estimate of 33.9 and a high estimate of 57. The average target predicts an increase of 4.15% from the current stock price of 44.38.

Analyst Consensus: Buy
Target Low Average Median High
Price $33.9 $46.22 $45 $57
Change -23.61% +4.15% +1.40% +28.44%

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 Jul '24Aug '24Sep '24Oct '24Nov '24Dec '24
Strong Buy 334454
Buy 99910109
Hold 777767
Sell 000000
Strong Sell 111111
Total 202021222221

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Morgan Stanley
Morgan Stanley
Hold
Downgrades
$48$55
Hold Downgrades $48$55 +23.93% Dec 9, 2024
Piper Sandler
Piper Sandler
Hold
Maintains
$44$50
Hold Maintains $44$50 +12.66% Dec 3, 2024
Keefe, Bruyette & Woods
Keefe, Bruyette & Woods
Buy
Maintains
$50$57
Buy Maintains $50$57 +28.44% Dec 3, 2024
Wells Fargo
Wells Fargo
Buy
Maintains
$52$56
Buy Maintains $52$56 +26.18% Nov 15, 2024
Citigroup
Citigroup
Strong Buy
Upgrades
$46$54
Strong Buy Upgrades $46$54 +21.68% Nov 8, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
103.19B
Revenue Next Year
108.35B
from 103.19B
Increased by 5.01%
EPS This Year
3.27
from 3.08
Increased by 6.15%
EPS Next Year
3.71
from 3.27
Increased by 13.39%
Fiscal Year FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Period Ending Dec 31, 2019 Dec 31, 2020 Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 Dec 31, 2024 Dec 31, 2025 Dec 31, 2026
Revenue
-----103.19B108.35B114.43B
Revenue Growth
-2.46%-13.29%26.28%-1.39%3.66%-5.01%5.61%
EPS
2.751.873.573.193.083.273.714.30
EPS Growth
5.36%-32.00%90.91%-10.64%-3.45%6.15%13.39%15.91%
Forward PE
-----13.5711.9710.33
No. Analysts -----232319
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202420252026202720282029
High 108.0B 115.6B 122.2B
Avg 103.2B 108.4B 114.4B
Low 99.6B 103.8B 109.1B

Revenue Growth

Revenue Growth 202420252026202720282029
High -
12.1%
12.8%
Avg -
5.0%
5.6%
Low -
0.6%
0.7%

EPS Forecast

EPS 202420252026202720282029
High 3.43 4.19 4.98
Avg 3.27 3.71 4.30
Low 3.13 3.40 3.87

EPS Growth

EPS Growth 202420252026202720282029
High
11.5%
28.1%
34.2%
Avg
6.2%
13.4%
15.9%
Low
1.5%
4.0%
4.4%
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.