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NYSE:BACBank of America Price Target & Analyst Ratings

+0.64 (+2.51 %)
(As of 08/7/2020 04:00 PM ET)
Today's Range
Now: $26.11
50-Day Range
MA: $24.15
52-Week Range
Now: $26.11
Volume63.26 million shs
Average Volume61.14 million shs
Market Capitalization$226.22 billion
P/E Ratio12.61
Dividend Yield2.83%

Analyst Ratings

Bank of America (NYSE:BAC) Price Target and Consensus Rating

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 (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = 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.
25 Wall Street analysts have issued ratings and price targets for Bank of America in the last 12 months. Their average twelve-month price target is $29.67, suggesting that the stock has a possible upside of 13.62%. The high price target for BAC is $39.00 and the low price target for BAC is $21.00. There are currently 1 sell rating, 11 hold ratings and 13 buy ratings for the stock, resulting in a consensus rating of "Hold." Bank of America also publishes sell-side equities research reports and recommendations about other companies, which can be viewed at this link.
Today30 Days Ago90 Days Ago180 Days Ago
Consensus Rating: HoldBuyBuyHold
Consensus Rating Score: 2.482.542.542.35
Ratings Breakdown: 1 Sell Rating(s)
11 Hold Rating(s)
13 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
11 Hold Rating(s)
13 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
11 Hold Rating(s)
13 Buy Rating(s)
0 Strong Buy Rating(s)
1 Sell Rating(s)
11 Hold Rating(s)
8 Buy Rating(s)
0 Strong Buy Rating(s)
Consensus Price Target: $29.67$29.78$29.61$35.50
Price Target Upside: 13.62% upside28.91% upside30.22% upside2.28% upside

Bank of America (NYSE:BAC) Consensus Price Target History

Average Share Price and Price Target 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.

Bank of America (NYSE:BAC) Analyst Ratings History

DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
8/3/2020Credit Suisse GroupReiterated RatingBuy$31.00Low
7/20/2020Royal Bank of CanadaReiterated RatingBuy$28.00Medium
7/10/2020Wells Fargo & CoDowngradeSellLow
7/9/2020DA DavidsonDowngradeBuy ➝ Neutral$27.00 ➝ $25.00Medium
7/8/2020Seaport Global SecuritiesInitiated CoverageNeutralLow
7/7/2020Societe GeneraleUpgradeHold ➝ BuyLow
6/25/2020Morgan StanleyBoost Price TargetOverweight$23.00 ➝ $24.00High
5/4/2020UBS GroupBoost Price TargetNeutral$20.00 ➝ $21.00Low
4/16/2020OppenheimerBoost Price TargetOutperform$30.00 ➝ $33.00Low
4/16/2020BMO Capital MarketsLower Price TargetMarket Perform$26.00 ➝ $24.00High
4/15/2020CfraLower Price TargetBuy$32.00 ➝ $28.00Low
4/9/2020BarclaysReiterated RatingBuy$33.00High
4/3/2020Piper SandlerLower Price TargetOverweight$40.00 ➝ $27.00High
4/2/2020Deutsche BankBoost Price TargetHold$25.00 ➝ $27.00Low
4/2/2020Goldman Sachs GroupUpgradeNeutral ➝ BuyMedium
3/27/2020CitigroupLower Price TargetHold$30.00 ➝ $27.00Low
3/25/2020Wolfe ResearchDowngradeOutperform ➝ Market PerformLow
3/17/2020Robert W. BairdUpgradeNeutral ➝ Outperform$34.00High
1/21/2020Atlantic SecuritiesDowngradeOverweight ➝ Neutral$36.00Low
1/15/2020ArgusReiterated RatingBuy$35.00 ➝ $39.00Low
11/4/2019JPMorgan Chase & Co.Reiterated RatingOverweight$30.00 ➝ $33.00Medium
10/28/2019Odeon Capital GroupUpgradeHold ➝ BuyLow
9/5/2019Keefe, Bruyette & WoodsDowngradeOutperform ➝ Market Perform$36.00 ➝ $29.00Medium
8/29/2019Raymond JamesDowngradeOutperform ➝ Market PerformLow
8/16/2019DZ BankUpgradeSell ➝ HoldLow
6/17/2019Berenberg BankSet Price TargetHold$30.00Low
4/17/2019Jefferies Financial GroupDowngradeBuy ➝ Hold$32.00Low
4/4/2019HSBCInitiated CoverageHold ➝ Hold$29.00Low
2/8/2019Daiwa Capital MarketsDowngradeOutperform ➝ Market PerformLow
1/9/2019Edward JonesUpgradeHold ➝ BuyLow
1/7/2019MacquarieDowngradeOutperform ➝ NeutralLow
4/16/2018Vining SparksInitiated CoverageBuy$35.00Low
1/3/2018Nomura InstinetLower Price Target$37.00 ➝ $30.00Low
10/16/2017Nomura SecuritiesBoost Price TargetBuy$28.00 ➝ $30.00N/A
(Data available from 8/8/2018 forward)
This page was last updated on 8/8/2020 by MarketBeat.com Staff

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