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
Target Low Average Median High
Price $33 $42.97 $42 $53
Change -22.41% +1.03% -1.25% +24.62%

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 '24Jun '24Jul '24Aug '24Sep '24Oct '24
Strong Buy 223344
Buy 8999910
Hold 767777
Sell 110000
Strong Sell 001111
Total 181820202122

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Phillip Securities
Phillip Securities
Buy
Upgrades
$44
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
More Analyst Ratings

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%
Fiscal Year FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Period Ending Dec 31, 2019 Dec 31, 2020 Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 Dec 31, 2024 Dec 31, 2025 Dec 31, 2026
Revenue
-----103.43B108.38B113.53B
Revenue Growth
-2.46%-13.29%26.28%-1.39%3.66%-4.79%4.75%
EPS
2.751.873.573.193.083.313.704.30
EPS Growth
5.36%-32.00%90.91%-10.64%-3.45%7.43%11.94%16.03%
Forward PE
-----12.8511.489.90
No. Analysts -----242314
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
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 20242025202620272028
High -
11.3%
12.1%
Avg -
4.8%
4.7%
Low -
0.4%
-0.0%

EPS Forecast

EPS 20242025202620272028
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 20242025202620272028
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.