Bank of America Corporation (BAC)
NYSE: BAC · IEX Real-Time Price · USD
40.93
+0.92 (2.30%)
Jul 2, 2024, 4:00 PM EDT - Market closed
Bank of America Stock Forecast
Stock Price Forecast
The 18 analysts with 12-month price forecasts for Bank of America stock have an average target of 40.24, with a low estimate of 33 and a high estimate of 48. The average target predicts a decrease of -1.69% from the current stock price of 40.93.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for BAC stock from 19 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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 1 | 2 | 2 | 2 | 3 |
| Buy | 7 | 7 | 7 | 8 | 9 | 9 |
| Hold | 5 | 5 | 7 | 7 | 6 | 6 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 15 | 14 | 17 | 18 | 18 | 19 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Seaport Global | Seaport Global | Hold → Strong Buy Upgrades $48 | Hold → Strong Buy | Upgrades | $48 | +17.27% | Jul 2, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Hold → Buy Upgrades $37 → $46 | Hold → Buy | Upgrades | $37 → $46 | +12.39% | Jun 14, 2024 |
| Piper Sandler | Piper Sandler | Sell Maintains $35 → $37 | Sell | Maintains | $35 → $37 | -9.60% | Jun 4, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $40 → $41 | Buy | Maintains | $40 → $41 | -1.05% | May 1, 2024 |
| Oppenheimer | Oppenheimer | Buy Maintains $45 → $46 | Buy | Maintains | $45 → $46 | +12.39% | Apr 30, 2024 |
Financial Forecast
Revenue This Year
103.06B
from 98.58B
Increased by 4.54%
Revenue Next Year
106.27B
from 103.06B
Increased by 3.12%
EPS This Year
3.29
from 3.08
Increased by 6.86%
EPS Next Year
3.62
from 3.29
Increased by 9.93%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 109.7B | 113.4B | 119.3B | 118.9B | 120.1B |
| Avg | 103.1B | 106.3B | 111.2B | 113.0B | 115.6B |
| Low | 99.0B | 101.0B | 105.8B | 108.4B | 112.1B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 11.2% | 10.1% | 12.3% | 6.9% | 6.3% |
| Avg | 4.5% | 3.1% | 4.6% | 1.6% | 2.3% |
| Low | 0.4% | -2.0% | -0.4% | -2.6% | -0.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.54 | 4.04 | 4.66 | 4.57 | 3.75 |
| Avg | 3.29 | 3.62 | 4.05 | 3.95 | 3.61 |
| Low | 3.10 | 3.30 | 3.17 | 3.40 | 3.50 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 14.9% | 22.8% | 28.9% | 12.7% | -5.1% |
| Avg | 6.9% | 9.9% | 12.0% | -2.6% | -8.7% |
| Low | 0.5% | 0.3% | -12.5% | -16.1% | -11.4% |
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.