Bank of America Corporation (BAC)
NYSE: BAC · Real-Time Price · USD
46.06
-0.35 (-0.75%)
At close: Nov 20, 2024, 4:00 PM
45.91
-0.15 (-0.33%)
Pre-market: Nov 21, 2024, 5:39 AM EST
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 44.54, with a low estimate of 33 and a high estimate of 56. The average target predicts a decrease of -3.30% from the current stock price of 46.06.
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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 3 | 3 | 4 | 4 | 5 |
| Buy | 9 | 9 | 9 | 9 | 10 | 10 |
| Hold | 6 | 7 | 7 | 7 | 7 | 6 |
| Sell | 1 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 1 | 1 | 1 | 1 | 1 |
| Total | 18 | 20 | 20 | 21 | 22 | 22 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Wells Fargo | Wells Fargo | Buy Maintains $52 → $56 | Buy | Maintains | $52 → $56 | +21.58% | Nov 15, 2024 |
| Citigroup | Citigroup | Hold → Strong Buy Upgrades $46 → $54 | Hold → Strong Buy | Upgrades | $46 → $54 | +17.24% | Nov 8, 2024 |
| Oppenheimer | Oppenheimer | Buy Maintains $50 → $56 | Buy | Maintains | $50 → $56 | +21.58% | Nov 5, 2024 |
| Phillip Securities | Phillip Securities | Hold → Buy Upgrades $44 | Hold → Buy | Upgrades | $44 | -4.47% | Oct 18, 2024 |
| Barclays | Barclays | Buy Maintains $49 → $53 | Buy | Maintains | $49 → $53 | +15.07% | Oct 16, 2024 |
Financial Forecast
Revenue This Year
103.26B
Revenue Next Year
107.97B
from 103.26B
Increased by 4.57%
EPS This Year
3.28
from 3.08
Increased by 6.60%
EPS Next Year
3.69
from 3.28
Increased by 12.45%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 108.0B | 115.5B | 121.5B | ||
| Avg | 103.3B | 108.0B | 113.8B | ||
| Low | 99.9B | 103.8B | 108.7B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 11.9% | 12.5% | ||
| Avg | - | 4.6% | 5.4% | ||
| Low | - | 0.6% | 0.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.49 | 4.18 | 4.98 | ||
| Avg | 3.28 | 3.69 | 4.25 | ||
| Low | 3.13 | 3.40 | 3.82 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 13.2% | 27.3% | 34.8% | ||
| Avg | 6.6% | 12.4% | 15.2% | ||
| Low | 1.5% | 3.6% | 3.5% |
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.