Bank of America Corporation (BAC)

Bank of America Stock Forecast

Stock Price Forecast

The 16 analysts with 12-month price forecasts for Bank of America stock have an average target of 38.87, with a low estimate of 33 and a high estimate of 45. The average target predicts an increase of 5.14% from the current stock price of 36.97.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$33	$38.87	$39	$45
Change	-10.74%	+5.14%	+5.49%	+21.72%

Analyst Ratings

The average analyst rating for BAC stock from 17 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 '23	Dec '23	Jan '24	Feb '24	Mar '24	Apr '24
Strong Buy	2	3	2	2	1	2
Buy	6	6	7	7	7	7
Hold	7	6	5	5	5	7
Sell	1	1	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	16	16	15	15	14	17

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Steven Chubak Wolfe Research	Wolfe Research	Hold → Buy Upgrades $42	Hold → Buy	Upgrades	$42	+13.61%	Apr 19, 2024
James Fotheringham BMO Capital	BMO Capital	Hold Maintains $36 → $37	Hold	Maintains	$36 → $37	+0.08%	Apr 18, 2024
Chris Kotowski Oppenheimer	Oppenheimer	Buy Maintains $46 → $45	Buy	Maintains	$46 → $45	+21.72%	Apr 17, 2024
Ken Usdin Jefferies	Jefferies	Hold Maintains $36 → $39	Hold	Maintains	$36 → $39	+5.49%	Apr 8, 2024
David Konrad Keefe, Bruyette & Woods	Keefe, Bruyette & Woods	Hold Maintains $33 → $37	Hold	Maintains	$33 → $37	+0.08%	Apr 5, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

101.55B

Increased by 3.02%

from 98.58B

Revenue Next Year

104.47B

Increased by 2.87%

from 101.55B

EPS This Year

3.17

Increased by 2.98%

from 3.08

EPS Next Year

3.47

Increased by 9.48%

from 3.17

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	91.24B	85.53B	89.11B	94.95B	98.58B	101.55B	104.47B	109.06B	109.60B	113.28B
Revenue Growth	0.25%	-6.26%	4.19%	6.55%	3.82%	3.02%	2.87%	4.39%	0.50%	3.36%
EPS	2.75	1.87	3.57	3.19	3.08	3.17	3.47	3.90	3.43	3.66
EPS Growth	5.36%	-32.00%	90.91%	-10.64%	-3.45%	2.98%	9.48%	12.26%	-11.90%	6.47%
No. Analysts	-	-	-	-	-	26	24	12	2	2

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

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	106.7B	112.4B	118.0B	113.9B	117.8B
Avg	101.6B	104.5B	109.1B	109.6B	113.3B
Low	96.9B	99.3B	103.9B	106.3B	109.9B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	8.3%	10.7%	12.9%	4.5%	7.5%
Avg	3.0%	2.9%	4.4%	0.5%	3.4%
Low	-1.7%	-2.2%	-0.5%	-2.5%	0.3%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	3.47	3.87	4.49	3.57	3.80
Avg	3.17	3.47	3.90	3.43	3.66
Low	2.86	2.86	3.18	3.33	3.55

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	12.6%	22.2%	29.4%	-8.4%	10.7%
Avg	3.0%	9.5%	12.3%	-11.9%	6.5%
Low	-7.1%	-9.8%	-8.6%	-14.5%	3.3%

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.