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Bank of America (BAC) Stock Forecast & Price Target

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Free BAC Stock Alerts
$33.12
-0.06 (-0.18%)
(As of 02/8/2024 ET)
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Bank of America Consensus Analyst Rating 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.

Analysts' Consensus Rating

Moderate Buy
Based on 15 Analyst Ratings

Analysts' Consensus Price Target

$35.53
7.26% Upside
High Forecast$50.00
Average Forecast$35.53
Low Forecast$27.50
TypeCurrent Forecast
2/8/23 to 2/8/24		1 Month Ago
1/9/23 to 1/9/24		3 Months Ago
11/10/22 to 11/10/23		1 Year Ago
2/8/22 to 2/8/23
Consensus Rating
Moderate Buy
Moderate Buy
Hold
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
10 Buy rating(s)
10 Buy rating(s)
9 Buy rating(s)
7 Buy rating(s)
Hold
4 Hold rating(s)
5 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$35.53$35.79$35.43$40.44
Predicted Upside7.26% Upside21.18% Upside20.74% Upside17.84% Upside
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BAC Analyst Ratings 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
2.60
2.42
2.48
Consensus RatingModerate BuyHoldHold
Predicted Upside7.13% Upside78.51% Upside8.90% Upside
News Sentiment RatingPositive News
Positive News
Positive News

Recent Analyst Ratings and Stock Forecasts

Export to Excel
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
1/30/2024Oppenheimer
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOutperform ➝ Outperform$49.00 ➝ $50.00+45.43%
1/30/2024Morgan Stanley
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeEqual Weight ➝ Overweight$32.00 ➝ $41.00+21.95%
1/16/2024BMO Capital Markets
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetMarket Perform ➝ Market Perform$37.00 ➝ $36.00+9.76%
1/16/2024Odeon Capital Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 DowngradeBuy ➝ Hold$33.90+3.35%
1/2/2024Barclays
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOverweight ➝ Overweight$39.00 ➝ $43.00+27.71%
12/1/2023The Goldman Sachs Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$30.00 ➝ $33.00+8.13%
11/6/2023Keefe, Bruyette & Woods
Subscribe to MarketBeat All Access for the recommendation accuracy rating		D. Konrad
Subscribe to MarketBeat All Access for the recommendation accuracy rating		UpgradeUnderperform ➝ Market Perform$29.00 ➝ $30.00+5.56%
10/10/2023Jefferies Financial Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower Target$31.00 ➝ $28.00+6.42%
10/5/2023Evercore ISI
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower Target$35.00 ➝ $33.00+27.31%
9/15/2023Piper Sandler
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetUnderweight ➝ Underweight$28.00 ➝ $27.50-5.82%
9/12/2023Royal Bank of Canada
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingOutperform ➝ Outperform$35.00+22.25%
9/7/2023HSBC
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageBuy$35.00+23.28%
8/23/2023Wells Fargo & Company
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOverweight ➝ Overweight$43.00 ➝ $40.00+40.65%
4/19/2023UBS Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy$34.00 ➝ $36.00+20.20%
4/19/2023Citigroup
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetNeutral$38.00 ➝ $33.00+7.98%
4/10/2023JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOverweight$38.00 ➝ $34.00+22.13%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 07:49 PM ET.












BAC Price Target - Frequently Asked Questions

What is Bank of America's consensus rating and price target?

According to the issued ratings of 15 analysts in the last year, the consensus rating for Bank of America stock is Moderate Buy based on the current 1 sell rating, 4 hold ratings and 10 buy ratings for BAC. The average twelve-month price prediction for Bank of America is $35.53 with a high price target of $50.00 and a low price target of $27.50. 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 or downgraded by Wall Street analysts?

Over the previous 90 days, Bank of America's stock had 2 upgrades and 1 downgrade 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 17.08% based on their 12-month stock forecasts.

What analysts cover Bank of America?

Bank of America has been rated by Barclays, BMO Capital Markets, Morgan Stanley, Odeon Capital Group, Oppenheimer, and The Goldman Sachs Group in the past 90 days.

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.


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This page (NYSE:BAC) was last updated on 2/8/2024 by MarketBeat.com Staff

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