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Bank of America (BAC) Stock Forecast & Price Target

$40.00
+0.49 (+1.24%)
(As of 06/18/2024 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

Consensus Price Target

$39.79
-0.53% Downside
High Forecast$46.00
Average Forecast$39.79
Low Forecast$33.00
TypeCurrent Forecast
6/20/23 to 6/19/24
1 Month Ago
5/21/23 to 5/20/24
3 Months Ago
3/22/23 to 3/21/24
1 Year Ago
6/20/22 to 6/20/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
11 Buy rating(s)
10 Buy rating(s)
10 Buy rating(s)
10 Buy rating(s)
Hold
6 Hold rating(s)
7 Hold rating(s)
4 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$39.79$38.70$35.65$36.77
Forecasted Upside-0.53% Downside10.46% Upside15.73% Upside19.10% 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
2.56
2.43
2.50
Consensus RatingModerate BuyHoldHold
Predicted Upside-0.53% Downside63.19% Upside11.31% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/14/2024Keefe, Bruyette & Woods
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D. Konrad
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UpgradeMarket Perform ➝ Outperform$37.00 ➝ $46.00+17.17%
6/4/2024Piper Sandler
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 Boost TargetUnderweight ➝ Underweight$35.00 ➝ $37.00-7.22%
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%
4/18/2024BMO Capital Markets
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 Boost TargetMarket Perform ➝ Market Perform$36.00 ➝ $37.00+4.05%
4/8/2024Jefferies Financial Group
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 Boost TargetHold ➝ Hold$36.00 ➝ $39.00+3.92%
4/4/2024Evercore ISI
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 Boost TargetOutperform ➝ Outperform$37.00 ➝ $41.00+8.90%
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%
1/30/2024Morgan Stanley
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 UpgradeEqual Weight ➝ Overweight$32.00 ➝ $41.00+21.95%
1/16/2024Odeon Capital Group
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 DowngradeBuy ➝ Hold$33.90+3.35%
1/2/2024Barclays
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 Boost TargetOverweight ➝ Overweight$39.00 ➝ $43.00+27.71%
12/1/2023The Goldman Sachs Group
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 Boost TargetBuy ➝ Buy$30.00 ➝ $33.00+8.13%
9/12/2023Royal Bank of Canada
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 Reiterated RatingOutperform ➝ Outperform$35.00+22.25%
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%
7/19/2022Credit Suisse Group
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 Lower TargetOutperform$45.00 ➝ $43.00+29.60%
7/11/2022Societe Generale
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 UpgradeHold ➝ Buy$37.50+17.96%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 05:28 AM ET.

BAC Forecast - Frequently Asked Questions

What is Bank of America's stock forecast and purchase recommendation?

According to the research reports of 18 Wall Street equities research analysts, the average twelve-month stock price forecast for Bank of America is $39.79, with a high forecast of $46.00 and a low forecast of $33.00. The consensus rating for Bank of America stock is Moderate Buy based on the current 1 sell rating, 6 hold ratings and 11 buy ratings for BAC. Learn more on BAC's analyst rating history.

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.

Is Bank of America being upgraded by Wall Street analysts?

Over the previous 90 days, Bank of America's stock had 3 upgrades by analysts.

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

According to analysts, Bank of America's stock has a predicted upside of 11.12% based on their 12-month stock forecasts.

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.


Stock Forecasts and Research Tools

This page (NYSE:BAC) was last updated on 6/19/2024 by MarketBeat.com Staff

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