Bank of America Corporation (BAC)
NYSE: BAC · Real-Time Price · USD
42.53
-0.09 (-0.21%)
At close: Oct 29, 2024, 4:00 PM
42.31
-0.22 (-0.52%)
After-hours: Oct 29, 2024, 7:49 PM EDT
Bank of America Stock Forecast
Stock Price Forecast
The 21 analysts with 12-month price forecasts for Bank of America stock have an average target of 42.97, with a low estimate of 33 and a high estimate of 53. The average target predicts an increase of 1.03% from the current stock price of 42.53.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for BAC stock from 22 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 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 3 | 3 | 4 | 4 |
| Buy | 8 | 9 | 9 | 9 | 9 | 10 |
| Hold | 7 | 6 | 7 | 7 | 7 | 7 |
| Sell | 1 | 1 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 1 | 1 | 1 | 1 |
| Total | 18 | 18 | 20 | 20 | 21 | 22 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Phillip Securities | Phillip Securities | Hold → Buy Upgrades $44 | Hold → Buy | Upgrades | $44 | +3.46% | Oct 18, 2024 |
| Barclays | Barclays | Buy Maintains $49 → $53 | Buy | Maintains | $49 → $53 | +24.62% | Oct 16, 2024 |
| Evercore ISI Group | Evercore ISI Group | Buy Maintains $44 → $45 | Buy | Maintains | $44 → $45 | +5.81% | Oct 16, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Maintains $48 → $50 | Buy | Maintains | $48 → $50 | +17.56% | Oct 16, 2024 |
| Oppenheimer | Oppenheimer | Buy Maintains $49 → $50 | Buy | Maintains | $49 → $50 | +17.56% | Oct 16, 2024 |
Financial Forecast
Revenue This Year
103.43B
Revenue Next Year
108.38B
from 103.43B
Increased by 4.79%
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 | 108.3B | 115.1B | 121.5B | ||
| Avg | 103.4B | 108.4B | 113.5B | ||
| Low | 99.4B | 103.9B | 108.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 11.3% | 12.1% | ||
| Avg | - | 4.8% | 4.7% | ||
| Low | - | 0.4% | -0.0% |
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.