Bank of America Corporation (BAC)
NYSE: BAC · Real-Time Price · USD
44.17
+0.79 (1.82%)
At close: Dec 20, 2024, 4:00 PM
44.30
+0.13 (0.29%)
After-hours: Dec 20, 2024, 7:59 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 4.64% from the current stock price of 44.17.
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 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 4 | 4 | 5 | 4 |
| Buy | 9 | 9 | 9 | 10 | 10 | 9 |
| Hold | 7 | 7 | 7 | 7 | 6 | 7 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Total | 20 | 20 | 21 | 22 | 22 | 21 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Morgan Stanley | Morgan Stanley | Buy → Hold Downgrades $48 → $55 | Buy → Hold | Downgrades | $48 → $55 | +24.52% | Dec 9, 2024 |
| Piper Sandler | Piper Sandler | Hold Maintains $44 → $50 | Hold | Maintains | $44 → $50 | +13.20% | Dec 3, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Maintains $50 → $57 | Buy | Maintains | $50 → $57 | +29.05% | Dec 3, 2024 |
| Wells Fargo | Wells Fargo | Buy Maintains $52 → $56 | Buy | Maintains | $52 → $56 | +26.78% | Nov 15, 2024 |
| Citigroup | Citigroup | Hold → Strong Buy Upgrades $46 → $54 | Hold → Strong Buy | Upgrades | $46 → $54 | +22.25% | Nov 8, 2024 |
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%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| 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 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | - | 12.1% | 12.8% | |||
| Avg | - | 5.0% | 5.6% | |||
| Low | - | 0.6% | 0.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| 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 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| 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.