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Bank of America (BAC) Stock Forecast & Price Target

$42.90
-0.11 (-0.26%)
(As of 07/19/2024 ET)

Bank of America - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 21 Wall Street analysts who have issued ratings for Bank of America in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 21 analysts, 1 has given a sell rating, 8 have given a hold rating, 11 have given a buy rating, and 1 has given a strong buy rating for BAC.

Consensus Price Target

$41.92
-2.29% Downside
High Forecast$49.00
Average Forecast$41.92
Low Forecast$33.00

According to the 21 analysts' twelve-month price targets for Bank of America, the average price target is $41.92. The highest price target for BAC is $49.00, while the lowest price target for BAC is $33.00. The average price target represents a forecasted downside of -2.29% from the current price of $42.90.

TypeCurrent Forecast
7/21/23 to 7/20/24
1 Month Ago
6/21/23 to 6/20/24
3 Months Ago
4/22/23 to 4/21/24
1 Year Ago
7/21/22 to 7/21/23
Consensus Rating
Moderate Buy
Moderate Buy
Hold
Hold
Strong Buy
1 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
11 Buy rating(s)
11 Buy rating(s)
9 Buy rating(s)
8 Buy rating(s)
Hold
8 Hold rating(s)
6 Hold rating(s)
7 Hold rating(s)
6 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
2 Sell rating(s)
Consensus Price Target$41.92$39.79$38.53$36.26
Forecasted Upside-2.29% Downside11.12% Upside10.81% Upside18.51% Upside
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BAC Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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BAC Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Bank of America Stock vs. The Competition

TypeBank of AmericaFinance CompaniesS&P 500
Consensus Rating Score
2.57
2.45
2.51
Consensus RatingModerate BuyHoldModerate Buy
Predicted Upside-2.29% Downside37.69% Upside9.98% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/18/2024BMO Capital Markets
3 of 5 stars
 Boost TargetMarket Perform ➝ Market Perform$38.00 ➝ $40.00-9.07%
7/17/2024Morgan Stanley
3 of 5 stars
 Boost TargetOverweight ➝ Overweight$44.00 ➝ $46.00+3.98%
7/17/2024Barclays
2 of 5 stars
 Boost TargetOverweight ➝ Overweight$43.00 ➝ $49.00+10.88%
7/17/2024Keefe, Bruyette & Woods
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D. Konrad
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Reiterated RatingOutperform ➝ Outperform$46.00 ➝ $48.00+8.62%
7/17/2024Evercore ISI
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 Boost TargetOutperform ➝ Outperform$43.00 ➝ $46.00+4.10%
7/17/2024Royal Bank of Canada
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 Boost TargetOutperform ➝ Outperform$39.00 ➝ $46.00+4.36%
7/16/2024Cfra
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 Reiterated RatingHold ➝ Sell$39.00-11.86%
7/9/2024Piper Sandler Companies
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 UpgradeUnderweight ➝ Neutral$37.00 ➝ $42.00+2.87%
7/3/2024Jefferies Financial Group
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 Boost TargetHold ➝ Hold$39.00 ➝ $41.00+0.44%
7/2/2024Seaport Res Ptn
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J. Mitchell
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UpgradeHold ➝ Strong-Buy
5/1/2024JPMorgan Chase & Co.
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 Boost TargetOverweight ➝ Overweight$39.50 ➝ $40.50+8.75%
4/30/2024Oppenheimer
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 Boost TargetOutperform ➝ Outperform$45.00 ➝ $46.00+22.47%
4/19/2024Wolfe Research
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 UpgradePeer Perform ➝ Outperform$42.00+17.42%
4/4/2024UBS Group
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 Reiterated RatingBuy ➝ Neutral$39.00 ➝ $40.00+6.84%
4/3/2024Erste Group Bank
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 UpgradeHold ➝ Buy
3/28/2024Wells Fargo & Company
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 Boost TargetOverweight ➝ Overweight$40.00 ➝ $44.00+16.87%
3/28/2024HSBC
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 Reiterated RatingBuy ➝ Hold$38.00 ➝ $39.00+3.09%
3/20/2024Citigroup
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 Boost TargetNeutral ➝ Neutral$37.00 ➝ $39.00+8.06%
1/16/2024Odeon Capital Group
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 DowngradeBuy ➝ Hold$33.90+3.35%
12/1/2023The Goldman Sachs Group
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 Boost TargetBuy ➝ Buy$30.00 ➝ $33.00+8.13%
1/31/2023Atlantic Securities
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 DowngradeOverweight ➝ Neutral$40.00+13.31%
1/6/2023Deutsche Bank Aktiengesellschaft
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 DowngradeBuy ➝ Hold$45.00 ➝ $36.00+5.66%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 06:22 AM ET.

BAC Forecast - Frequently Asked Questions

What is Bank of America's forecast for 2024?

According to the research reports of 21 Wall Street equities research analysts, the average twelve-month stock price forecast for Bank of America is $41.92, with a high forecast of $49.00 and a low forecast of $33.00.

Should I buy or sell Bank of America stock right now?

21 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bank of America in the last twelve months. There is currently 1 sell rating, 8 hold ratings, 11 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" BAC shares.

Does Bank of America's stock price have much upside?

According to analysts, Bank of America's stock has a predicted upside of 5.58% based on their 12-month stock forecasts.

Has Bank of America been upgraded by Wall Street analysts recently?

Over the previous 90 days, Bank of America's stock had 4 upgrades by analysts.

What analysts cover Bank of America?
Does Bank of America rate other companies?

Bank of America also publishes sell-side equities research reports and recommendations about other companies, which can be viewed at its brokerage rating page.

Do Wall Street analysts like Bank of America more than its competitors?

Analysts like Bank of America more than other "finance" companies. The consensus rating for Bank of America is Moderate Buy while the average consensus rating for "finance" companies is Hold. Learn more on how BAC compares to other companies.


This page (NYSE:BAC) was last updated on 7/20/2024 by MarketBeat.com Staff

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