Bank of America Corporation (BAC)

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 48.13, with a low estimate of 39 and a high estimate of 58. The average target predicts an increase of 26.11% from the current stock price of 38.17.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$39	$48.13	$48	$58
Change	+2.19%	+26.11%	+25.77%	+51.97%

Analyst Ratings

The average analyst rating for Bank of America stock from 20 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	Nov '24	Dec '24	Jan '25	Feb '25	Mar '25	Apr '25
Strong Buy	5	4	6	6	6	5
Buy	10	9	9	9	10	11
Hold	6	7	5	5	5	3
Sell	0	0	0	0	0	0
Strong Sell	1	1	1	1	1	1
Total	22	21	21	21	22	20

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Betsy Graseck Morgan Stanley	Morgan Stanley	Hold → Buy Upgrades $56 → $47	Hold → Buy	Upgrades	$56 → $47	+23.15%	Apr 7, 2025
John McDonald Truist Securities	Truist Securities	Strong Buy Maintains $53 → $50	Strong Buy	Maintains	$53 → $50	+31.01%	Apr 4, 2025
Vivek Juneja JP Morgan	JP Morgan	Buy Maintains $50 → $44	Buy	Maintains	$50 → $44	+13.98%	Apr 3, 2025
Glenn Schorr Evercore ISI Group	Evercore ISI Group	Buy Maintains $51 → $48	Buy	Maintains	$51 → $48	+25.77%	Apr 1, 2025
Keith Horowitz Citigroup	Citigroup	Strong Buy Maintains $54 → $50	Strong Buy	Maintains	$54 → $50	+31.01%	Mar 24, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

109.41B

Increased by 13.89%

from 96.07B

Revenue Next Year

116.08B

Increased by 6.10%

from 109.41B

EPS This Year

3.72

Increased by 15.85%

from 3.21

EPS Next Year

4.42

Increased by 18.83%

from 3.72

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	74.21B	93.71B	92.41B	95.79B	96.07B	109.41B	116.08B	119.68B
Revenue Growth	-13.29%	26.28%	-1.39%	3.66%	0.29%	13.89%	6.10%	3.10%
EPS	1.87	3.57	3.19	3.08	3.21	3.72	4.42	4.94
EPS Growth	-32.00%	90.91%	-10.64%	-3.45%	4.22%	15.85%	18.83%	11.68%
Forward PE	-	-	-	-	-	10.26	8.64	7.73
No. Analysts	-	-	-	-	-	23	23	11

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027	2028	2029
High	115.0B	125.0B	128.1B
Avg	109.4B	116.1B	119.7B
Low	103.9B	110.8B	113.2B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	19.8%	14.2%	10.4%
Avg	13.9%	6.1%	3.1%
Low	8.2%	1.3%	-2.5%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	4.01	5.01	5.70
Avg	3.72	4.42	4.94
Low	3.48	3.92	4.31

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	25.0%	34.7%	29.0%
Avg	15.9%	18.8%	11.7%
Low	8.4%	5.4%	-2.4%

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.